XAU/CHF | Down Retest High chance but continue Bullish channel?🔥 XAU/CHF Price Forecast – Bullish Channel Holding Strong!
The XAU/CHF pair remains in a bullish trend, with price action respecting the bullish channel after completing a key retest of support levels. This signals a potential continuation of the uptrend, offering a high-probability trading opportunity.
📌 Market Structure & Technical Setup:
✅ Pattern Formation: A Symmetrical Triangle was previously observed, but the market has now transitioned into a bullish channel.
✅ Retest Confirmed: Price successfully tested the 2,624 – 2,612 support zone, reinforcing bullish momentum.
✅ EMA 50 Support: The market remains above the 50 EMA, which is acting as a dynamic support level, strengthening the upside outlook.
🎯 Key Price Levels & Target Zones:
📈 Entry Zone: 2,624 – 2,612
1st Target : 2,642
2nd Target : 2,667
3rd Target : 2,700
⚠ Risk Management & Trading Plan:
🔹 Stop Loss Strategy: Always maintain a disciplined stop loss to manage risk effectively.
🔹 Breakout Confirmation: Watch for a strong candle close above 2,642 for further bullish confirmation.
🔹 Momentum Check: Increased buying volume and price action signals will be key to sustaining the uptrend.
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