Overview:
Gold (XAU/USD) is showing strong bullish momentum after breaking out of an ascending triangle pattern. This breakout is supported by multiple CHoCH (Change of Character) signals, confirming a shift in market structure.
Key Observations:
✅ Ascending Triangle Breakout – Price has successfully broken above resistance, signaling bullish strength.
✅ CHoCH Confirmation – Multiple CHoCH patterns indicate trend continuation.
✅ Fair Value Gap (FVG) Support – A potential retracement zone that could act as a demand area.
✅ Price Target: $3,048 – Measured move projection suggests a potential 3.60% upside.
Trading Plan:
📌 Bullish Scenario:
A confirmed retest of $2,940-$2,947 (previous resistance turned support) could offer a strong entry point.
Next target: $3,048 📈
📌 Bearish Scenario (Invalidation):
A breakdown below $2,924 may indicate a failed breakout, potentially leading to lower levels.
Gold (XAU/USD) is showing strong bullish momentum after breaking out of an ascending triangle pattern. This breakout is supported by multiple CHoCH (Change of Character) signals, confirming a shift in market structure.
Key Observations:
✅ Ascending Triangle Breakout – Price has successfully broken above resistance, signaling bullish strength.
✅ CHoCH Confirmation – Multiple CHoCH patterns indicate trend continuation.
✅ Fair Value Gap (FVG) Support – A potential retracement zone that could act as a demand area.
✅ Price Target: $3,048 – Measured move projection suggests a potential 3.60% upside.
Trading Plan:
📌 Bullish Scenario:
A confirmed retest of $2,940-$2,947 (previous resistance turned support) could offer a strong entry point.
Next target: $3,048 📈
📌 Bearish Scenario (Invalidation):
A breakdown below $2,924 may indicate a failed breakout, potentially leading to lower levels.
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Verbundene Veröffentlichungen
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.