"XAU/USD Bullish Breakout with Fibonacci Pullback Setup"

avant-hier

This H1 chart of XAU/USD highlights a bullish trend targeting the D1 Supply Zone, a critical resistance area where sellers may step in. A trendline breakout at 2744 confirms strong buying momentum, and Fibonacci retracement levels (50%, 61.8%, 78.6%) are plotted to identify potential pullback zones before further upward movement.

The setup anticipates a pullback to the 61.8% level, offering a high-probability entry for buyers aiming to ride the trend. The target is the supply zone, aligning with the continuation of bullish momentum while keeping an eye on potential reversals near key resistance.

avant-hier

Transaction en cours

The trade is now active as the price has started to follow the anticipated bullish structure. The pullback to the 61.8% Fibonacci retracement level held as support, confirming the entry. The target remains the D1 Supply Zone, with bullish momentum intact. Stops are placed below the retracement zone for risk management. Monitoring closely for further confirmations.

hier

Trade fermée: cible de profit atteinte

The trade has successfully hit the target with the market touching the 2744 zone and continuing for an additional 110 pips bullish move. The setup played out as anticipated, and the trade is now closed with profits secured. Great momentum and execution!