Gold Spot / U.S. Dollar
Long
Updated

"XAU/USD 1H – Bullish Breakout from Descending Channel

149
Chart Identification:

The chart shows a clear breakout from a descending channel.

A strong bullish momentum candle broke above the upper trendline.

Ichimoku Cloud shows bullish structure (price above the cloud).

A buy signal was triggered around $3,320–$3,325 after the breakout.



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🎯 Target Levels (Buy Setup):

From the chart:

1. First Resistance / Take Profit 1:
$3,385 – $3,386 (marked horizontal zone)


2. Final Target (TP2):
$3,427 (highlighted as “TARGET” on the chart)




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✅ Summary:

Entry Zone: Already triggered near $3,325–$3,330

TP1: $3,385

TP2: $3,427

Stop Loss (recommended): Below the Ichimoku cloud or near $3,300–$3,305 zone
Trade active
snapshot

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