Gold Bullish Continuation Setup from Ascending Channel Support
✅ Analysis – XAUUSD (Gold)
1. Market Structure
Price is moving inside a clean ascending channel, showing a sustained uptrend.
The lower boundary (rejection line) is acting as strong support, where buyers have entered repeatedly.
The current price action is showing a pullback toward this support area, which is typical before a continuation move higher.
2. Current Price Action
Price has retraced back into the buy zone near the channel support.
Candlesticks show slowing bearish momentum, suggesting buyers may soon take control.
Your chart projection indicates a possible bullish bounce.
3. Trade Setup
✅ Buy Zone: Near the rejection line / lower channel
✅ SL (Stop-Loss): Below the support line — smart placement to protect against channel breakdown
✅ Target: Upper resistance of the channel (around 4230 – 4260 zone)
This gives a good risk-to-reward ratio, based on trend continuation.
4. Bullish Expectation
As long as price stays above the rejection line, the uptrend remains valid.
A bounce from this zone is likely to push price toward the target box.
1. Market Structure
Price is moving inside a clean ascending channel, showing a sustained uptrend.
The lower boundary (rejection line) is acting as strong support, where buyers have entered repeatedly.
The current price action is showing a pullback toward this support area, which is typical before a continuation move higher.
2. Current Price Action
Price has retraced back into the buy zone near the channel support.
Candlesticks show slowing bearish momentum, suggesting buyers may soon take control.
Your chart projection indicates a possible bullish bounce.
3. Trade Setup
✅ Buy Zone: Near the rejection line / lower channel
✅ SL (Stop-Loss): Below the support line — smart placement to protect against channel breakdown
✅ Target: Upper resistance of the channel (around 4230 – 4260 zone)
This gives a good risk-to-reward ratio, based on trend continuation.
4. Bullish Expectation
As long as price stays above the rejection line, the uptrend remains valid.
A bounce from this zone is likely to push price toward the target box.
Trade geschlossen: Ziel wurde erreicht
80% close 20% hold
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.