XAU/USD 2H CHART PATTERN

Gold is currently respecting an ascending trendline, with price action forming higher lows, suggesting bullish momentum. The Ichimoku cloud provides dynamic support, and recent rejections from the trendline reinforce the buying interest. Price is testing a critical resistance zone after multiple failed breakout attempts, highlighted by the blue markers. A potential breakout above this zone may trigger strong upward continuation. Market structure favors bulls as long as price holds above the trendline and cloud. Volume and candlestick behavior near resistance will be crucial in confirming momentum. This setup aligns with breakout traders watching for continuation in the current trend.

Entry: 3350
Target 1: 3374
Target 2: 3405
Target 3: 3422

Trade active

Trade active in buy

Note

First Target (3374) Reached
XAU/USD Running with 300+ Profit Running

Trend_logic

Join telegram channel free ..

t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..

Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Trend_logic

Also on: