Gold has broken out of a well-formed Bullish Pennant on the 2-hour chart, supported by strong momentum and a bullish Ichimoku cloud structure. The continuation pattern confirmed the trend following a steep bullish move, and price has now reached the projected target around $3,480.
Fundamentally, gold remains supported by safe-haven demand amid geopolitical tensions and persistent inflation concerns. As long as price stays above $3,400, the bullish outlook remains intact.
Bias: Bullish
Pattern: Bullish Pennant
Target: $3,480
Support: $3,400 / $3,300
Disclaimer: This is not financial advice. Trade at your own risk. Always do your own research.
If you found this analysis helpful, please support with a like and follow for more trading ideas and updates. Your support is greatly appreciated!
Fundamentally, gold remains supported by safe-haven demand amid geopolitical tensions and persistent inflation concerns. As long as price stays above $3,400, the bullish outlook remains intact.
Bias: Bullish
Pattern: Bullish Pennant
Target: $3,480
Support: $3,400 / $3,300
Disclaimer: This is not financial advice. Trade at your own risk. Always do your own research.
If you found this analysis helpful, please support with a like and follow for more trading ideas and updates. Your support is greatly appreciated!
Trade aktif
Trade Active: Position Entered following breakout confirmation. Monitoring price action toward target zone.Trading ditutup: target tercapai
Target Achieved: Price successfully reached the projected target level. Trade closed with expected profit.
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For More Help
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/addlist/eNVcRxMi3Vs3M2U0
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/addlist/eNVcRxMi3Vs3M2U0
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.