Gold (XAU/USD) Bullish Breakout from Pennant Pattern

22 Nis

Gold has broken out of a well-formed Bullish Pennant on the 2-hour chart, supported by strong momentum and a bullish Ichimoku cloud structure. The continuation pattern confirmed the trend following a steep bullish move, and price has now reached the projected target around $3,480.

Fundamentally, gold remains supported by safe-haven demand amid geopolitical tensions and persistent inflation concerns. As long as price stays above $3,400, the bullish outlook remains intact.

Bias: Bullish
Pattern: Bullish Pennant
Target: $3,480
Support: $3,400 / $3,300

Disclaimer: This is not financial advice. Trade at your own risk. Always do your own research.

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22 Nis

İşlem aktif

Trade Active: Position Entered following breakout confirmation. Monitoring price action toward target zone.

22 Nis

İşlem kapandı: hedefe ulaştı

Target Achieved: Price successfully reached the projected target level. Trade closed with expected profit.