GOLD (XAU/USD) – Bullish Setup with Clear Targets
Gold is maintaining a strong uptrend within a rising channel, indicating bullish momentum. Based on technical analysis, here’s a structured trade setup:
Trade Setup:
Entry Zone: 2,798 – 2,801 (Ideal buy area)
Take Profit Targets:
TP1: 2,815 (First resistance zone)
TP2: 2,841 (Extended target for higher gains)
Stop Loss: 2,780 (Risk management to protect capital)
Market Outlook:
The price is trending inside an ascending channel, showing a steady bullish structure.
A breakout above 2,801 could accelerate bullish momentum toward higher levels.
If the price breaks below 2,780, it could invalidate the bullish setup.
Risk Management & Disclaimer:
This is a technical analysis-based idea and not financial advice. Always conduct your own research and follow risk management principles before entering a trade.
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