Gold Price Action Analysis: Breakout & Potential Targets
This 15-minute chart of Gold (XAU/USD) illustrates recent price action, highlighting key breakout points and a current consolidation phase. The chart shows:
Initial Breakout & Retest: A breakout from an ascending triangle pattern resulted in a price decline.
Current Range Formation: Gold is consolidating in a highlighted range, suggesting potential movement in either direction.
Key Levels:
Bullish Breakout Target: $3,045
Bearish Breakout Target: $3,021
Traders should monitor for a breakout from this range to confirm the next directional move.
NOTE
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Initial Breakout & Retest: A breakout from an ascending triangle pattern resulted in a price decline.
Current Range Formation: Gold is consolidating in a highlighted range, suggesting potential movement in either direction.
Key Levels:
Bullish Breakout Target: $3,045
Bearish Breakout Target: $3,021
Traders should monitor for a breakout from this range to confirm the next directional move.
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Dagangan aktif
Dagangan ditutup: sasaran tercapai
Target reached successfully 
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.