Gold Price Breakout Setup – Key Levels to Watch

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This chart displays a descending triangle pattern in the gold market (XAU/USD) on a 1-hour timeframe. The price is consolidating within a narrowing range, and a breakout is anticipated. The chart suggests a potential bullish breakout above the resistance level.

Key levels:

Breakout Zone: Around $3,040

Take Profit 1 (TP1): $3,043

Final Target: $3,050


Traders should watch for confirmation of the breakout before entering long positions. If the breakout is successful, gold may reach the 3050 target level.

Note: This is not a trading signal, just my personal analysis based on current market trends.

Feragatname

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