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🚀 XAU/USD Bullish Outlook – Ascending Channel Holding Strong! 📈
🔹 Gold Spot (XAU/USD) – 1H Chart Analysis
📊 Current Price: $2,937
🎯 Target 1: $2,960
🎯 Target 2: $2,980
🛑 Invalidation: Break below the trendline
📌 Key Insights:
✅ Ascending Channel Intact: Gold is trending within a well-respected ascending channel, with price bouncing off the lower boundary, signaling bullish strength.
✅ Strong Support & Liquidity Areas:
The recent Fair Value Gap (FVG) and Break of Structure (BoS) indicate key liquidity zones where buyers have stepped in.
A confirmed Change of Character (ChoCh) suggests a shift back to the upside.
✅ Bullish Momentum Building:
Price recently bounced off trendline support, forming higher highs & higher lows – a textbook bullish structure.
If momentum holds, we could see $2,960 - $2,980 in the coming sessions.
🚨 Risk Management: A break below the trendline could invalidate this bullish setup, potentially leading to a drop toward $2,900 support.
📢 Do you think Gold will hit $2,980? Comment below with your thoughts! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #AscendingChannel #BuySignal 🚀🔥
🚀 XAU/USD Bullish Outlook – Ascending Channel Holding Strong! 📈
🔹 Gold Spot (XAU/USD) – 1H Chart Analysis
📊 Current Price: $2,937
🎯 Target 1: $2,960
🎯 Target 2: $2,980
🛑 Invalidation: Break below the trendline
📌 Key Insights:
✅ Ascending Channel Intact: Gold is trending within a well-respected ascending channel, with price bouncing off the lower boundary, signaling bullish strength.
✅ Strong Support & Liquidity Areas:
The recent Fair Value Gap (FVG) and Break of Structure (BoS) indicate key liquidity zones where buyers have stepped in.
A confirmed Change of Character (ChoCh) suggests a shift back to the upside.
✅ Bullish Momentum Building:
Price recently bounced off trendline support, forming higher highs & higher lows – a textbook bullish structure.
If momentum holds, we could see $2,960 - $2,980 in the coming sessions.
🚨 Risk Management: A break below the trendline could invalidate this bullish setup, potentially leading to a drop toward $2,900 support.
📢 Do you think Gold will hit $2,980? Comment below with your thoughts! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #AscendingChannel #BuySignal 🚀🔥
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.
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.