Falling Resistance Trendline Breakout on 2 hr Timeframe.

Hello everyone, i hope you all will be doing good in your life and your Trading as well. Today i have analysed gold chart and found it has given breakout of falling resistance trendline, i am expecting momentum for upside in this. Probability is high it should travel towards our target area. The volume has been increasing, suggesting strong buying interest, and the RSI at 62.32 is in the bullish zone, confirming the upward momentum. Additionally, the MACD crossover adds further confidence to this bullish setup. The ideal entry point is when the price breaks above the resistance at 2,955.16. Set the stop loss just below the support level at 2,860.96 to manage risk. For targets, consider aiming for 2,965.00, 2,975.00, and 2,985.00, with the final target around 2,995.00. If the breakout holds, this setup could present a strong uptrend continuation.

Disclaimer:-This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.

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