Gold Spot / U.S. Dollar
Long
Updated

XAU/USD.2h chart pattern..

800
From your XAU/USD (Gold vs USD) 2-hour chart, im showing a bullish channel breakout with a clearly marked target level.

📊 Observations:

The chart displays an ascending channel with price breaking above a key resistance zone (~3412).

The projected target is explicitly marked at:

🎯 3,500.641


This is likely derived from a measured move using the height of the previous consolidation range added to the breakout point.


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🔍 Summary:

Breakout Zone: ~3,412

Target Zone: 3,500.641

Support Zones:

Near-term: 3,370 – 3,390

Channel bottom: ~3,337

Key invalidation: Below 3,320



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