Gold (XAUUSD) Analysis Big Buy
in My Overview And Technical analysis of Gold (XAU/USD) on the 4-hour timeframe. The price is currently trading within an ascending channel, outlined by trendlines, which indicates a strong bullish momentum. Key support levels at $2,723 and $2,680, serving as crucial zones for potential pullbacks.
The analysis outlines two intermediate take-profit levels at $2,780 With a final target of $2,800.
The chart pattern suggests continued bullish movement as long as the price remains above the support levels and respects the channel's structure.
If the price breaks through the resistance near the intermediate targets, it is likely to achieve the final target of $2,800. This forecast aligns with both fundamental factors and technical indicators, emphasizing strong upward Momentum
The analysis outlines two intermediate take-profit levels at $2,780 With a final target of $2,800.
The chart pattern suggests continued bullish movement as long as the price remains above the support levels and respects the channel's structure.
If the price breaks through the resistance near the intermediate targets, it is likely to achieve the final target of $2,800. This forecast aligns with both fundamental factors and technical indicators, emphasizing strong upward Momentum
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