(XAU/USD) 1-hour chart, 220pips done.wait for next move

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The price followed an upward structure, as seen with the black arrows.

It hit the 2,921.126 resistance level, marking 220 pips profit from the entry.



2. Support & Resistance Levels

Support: Around 2,887.972 - 2,893.870, where buyers stepped in.

Resistance: 2,921.126 (first target), and 2,936.080 (potential next target).



3. Next Possible Move

If the price breaks 2,921.126, it could push toward 2,936.080 for further gains.

If rejected, a pullback could happen before another bullish attempt.




In short, the trade played out successfully, securing 220 pips, and now traders will watch for a continuation or retracement. Want me to draft a channel update for this win?

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.