XAU/USD..4h chart pattern.

2 Haz

My analyzing a bullish breakout in gold (GODL) and considering a buy entry at *3355* with two target levels: *3435* and *3500*.

### *Trade Plan Summary:*
- *Entry:* Buy at *3355* (after trendline breakout confirmation)
- *Target 1:* *3435* (~2.4% gain)
- *Target 2:* *3500* (~4.3% gain)
- *Stop Loss:* Ideally below the breakout level (e.g., *3300-3320* for a 1-1.5% risk)

### *Key Considerations:*
1. *Confirmation:* Ensure the breakout is sustained (closing above the trendline).
2. *Volume:* Higher volume on breakout strengthens the signal.
3. *Market Sentiment:* Gold often reacts to USD strength, interest rates, and geopolitical factors.
4. *Risk Management:* Adjust position size based on your risk tolerance.

Would you like help refining the stop-loss or analyzing other factors like RSI/momentum? 🚀

2 Haz

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3 Haz

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gold update gold buy running 400 pips