Gold H4 Timeframe With FOMC news

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Hello Trader,

Today Fomc News Coming soon and My all time favorite new all news my favorite and we are sure 500+ pips collected all big news favorite...

1. Uptrend Channel:

The price was moving within an ascending channel, making higher highs and higher lows.

The channel is drawn with two parallel black trendlines.



2. Breakout Point:

The price broke above the upper trendline (marked with a red circle), signaling a potential bullish breakout.

The label "breakout" confirms this observation.



3. Target and Price Action:

A green target zone is marked around 3,070 - 3,092, suggesting a potential price objective if the breakout sustains.

The blue arrows show a possible price movement—pullback to retest the breakout level before continuing upward.

If the breakout fails, price may drop back into the channel, leading to a reversal.



4. Stop-Loss (SL):

A stop-loss (SL) level is marked below the 3,004 level, just beneath the trendline, to protect against false breakouts.




Summary:

The trendline breakout suggests a bullish continuation if the price holds above the breakout level.

A retest of the breakout level is expected before further upside.

If the price drops below 3,004, the breakout could be invalidated.


Would you like a deeper analysis or additional trading insights on this setup?

Penafian

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