H4-Gold Price Analysis – Breakout and Bullish Target
This 15-minute chart of Gold Spot (XAU/USD) shows an uptrend with key resistance and support levels. After breaking above a strong resistance zone (red area), the price continued its bullish movement along a trendline. A recent consolidation (yellow triangle) suggests a potential continuation toward the target of 3,150
Explanation:
1. Breakout Zone: The price broke past a key resistance level (red zone), which now acts as support.
2. Uptrend Line: The price is following a rising trendline, showing continued strength.
3. Bullish Continuation Pattern: A small consolidation (triangle) suggests another upward push.
4. Target: If the breakout continues, the price may reach 3,150.
This analysis indicates a strong bullish momentum, with price action favoring further gains.
Explanation:
1. Breakout Zone: The price broke past a key resistance level (red zone), which now acts as support.
2. Uptrend Line: The price is following a rising trendline, showing continued strength.
3. Bullish Continuation Pattern: A small consolidation (triangle) suggests another upward push.
4. Target: If the breakout continues, the price may reach 3,150.
This analysis indicates a strong bullish momentum, with price action favoring further gains.
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Penafian
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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.