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!
Operación activa
Trade Active: Position Entered following breakout confirmation. Monitoring price action toward target zone.Operación cerrada: objetivo alcanzado
Target Achieved: Price successfully reached the projected target level. Trade closed with expected profit.
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
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
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.