Gold
Panjang

Gold (XAU/USD) Bullish Breakout Trade Setup – Targeting 3,130

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Chart Analysis

Trend & Structure

CHoCH (Change of Character): Marked on the chart, indicating a potential trend reversal from bearish to bullish.

The price has broken above a descending trendline and is forming higher highs and higher lows, supporting a bullish bias.


EMAs

EMA 30 (red) and EMA 200 (blue):

EMA 30 has crossed above EMA 200, which is often considered a bullish signal.

The price is currently trading above both EMAs, reinforcing the upward momentum.




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Trade Setup

Entry Zone

The purple highlighted area between ~3,026 and 3,035, acting as a potential demand zone (previous

Penafian

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