Gold (XAU/USD) Breakout Analysis – Bullish Momentum Building?
Key Observations:
Support Zone (Red Rectangle):
There is a strong support zone around $2,894 - $2,895.
Price previously bounced off this level, making it a key demand zone.
Resistance & Breakout (Blue Trendline):
The price was in a descending channel (marked by blue trendlines).
It appears to have broken above this trendline, signaling a potential bullish move.
Moving Averages:
The short-term EMA (yellow) is above the long-term EMA (red), indicating a possible bullish momentum.
The 200 EMA (white dotted line) is far below, showing that the overall trend remains bullish.
Volume Analysis:
Increased volume near the breakout suggests strong buying interest.
Potential Price Movement (Blue Arrow Projection):
The price may retest the breakout level before pushing higher.
If the support holds, the price could move toward $2,920 - $2,940 as a near-term target.
Conclusion:
Bullish Bias: If the breakout sustains and price stays above the red support zone, it could rally higher.
Invalidation Level: A drop below $2,894 may invalidate the bullish setup.
Next Target: $2,920 - $2,940 if the breakout holds.
Support Zone (Red Rectangle):
There is a strong support zone around $2,894 - $2,895.
Price previously bounced off this level, making it a key demand zone.
Resistance & Breakout (Blue Trendline):
The price was in a descending channel (marked by blue trendlines).
It appears to have broken above this trendline, signaling a potential bullish move.
Moving Averages:
The short-term EMA (yellow) is above the long-term EMA (red), indicating a possible bullish momentum.
The 200 EMA (white dotted line) is far below, showing that the overall trend remains bullish.
Volume Analysis:
Increased volume near the breakout suggests strong buying interest.
Potential Price Movement (Blue Arrow Projection):
The price may retest the breakout level before pushing higher.
If the support holds, the price could move toward $2,920 - $2,940 as a near-term target.
Conclusion:
Bullish Bias: If the breakout sustains and price stays above the red support zone, it could rally higher.
Invalidation Level: A drop below $2,894 may invalidate the bullish setup.
Next Target: $2,920 - $2,940 if the breakout holds.
İşlem kapandı: hedefe ulaştı
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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.
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.