Gold Price Analysis Potential Reversal Zone & Target Projection
This 4-hour gold (XAU/USD) chart highlights a breakout from a symmetrical triangle pattern, leading to a strong bullish rally. The price has now entered a reversal zone, where a potential pullback is anticipated. The red-shaded area represents a key support level, where price action may retest before continuing its trend. The projected target for this retracement is $3,060, aligning with previous resistance-turned-support levels. Traders should monitor price behavior in the reversal zone for confirmation of a potential trend shift or continuation.
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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!
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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.