📊 Analysis Summary:
Gold (XAUUSD) has broken out of a falling channel on the 1H timeframe with strong bullish momentum. After the breakout, price retested a minor bullish order block, providing a solid confirmation for potential continuation to the upside.
🔍 Technical Confluences:
Falling channel breakout
Bullish engulfing breakout candle
Retest of minor bullish order block (acting as support)
Clear bullish Break of Structure (BOS)
📌 Trade Plan:
Entry: 3365 (OB retest zone)
Stop Loss: 3345 (20 points below OB zone)
Take Profit 1: 3399 (Key intraday resistance)
Take Profit 2: 3451 (Swing high target)
📈 Risk-Reward: Approximately 1:4
📌 Expectation:
If the order block support holds, we can expect a bullish continuation toward 3400+ and possibly 3450 in the coming sessions.
Gold (XAUUSD) has broken out of a falling channel on the 1H timeframe with strong bullish momentum. After the breakout, price retested a minor bullish order block, providing a solid confirmation for potential continuation to the upside.
🔍 Technical Confluences:
Falling channel breakout
Bullish engulfing breakout candle
Retest of minor bullish order block (acting as support)
Clear bullish Break of Structure (BOS)
📌 Trade Plan:
Entry: 3365 (OB retest zone)
Stop Loss: 3345 (20 points below OB zone)
Take Profit 1: 3399 (Key intraday resistance)
Take Profit 2: 3451 (Swing high target)
📈 Risk-Reward: Approximately 1:4
📌 Expectation:
If the order block support holds, we can expect a bullish continuation toward 3400+ and possibly 3450 in the coming sessions.
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.