Ascending Triangle Breakout in Play!

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🚀 Ascending Triangle Breakout in Play! 🚀

Gold (XAUUSD) has formed a bullish ascending triangle, signaling strong buying pressure. Price has successfully broken out of the resistance zone, confirming an upward impulse.

Key Levels:
🔹 Breakout Level: [2937]
🔹 First Target: $2985 (impulse move)
🔹 Next Target: $3000+ (psychological resistance)

Market Structure & Momentum:
✅ Higher lows indicate strong demand
✅ Breakout volume supports the move
✅ Bullish momentum suggests continuation

📌 Trading Plan:
🎯 Enter on a retest of the breakout level or a strong candle confirmation
🎯 SL below previous support level (tight risk management)
🎯 TP at $2985 first, then trail stops for potential extension

If momentum continues, we could see $3000+ and beyond in the next bullish wave! 🌟

📊 Stay disciplined & manage risk! 🚀💰

Penafian

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