Gold Spot / U.S. Dollar
Updated

XAU/USD (Gold) on the 4-hour timeframe.

850
XAU/USD (Gold) on the 4-hour timeframe.

📊 Chart Observations:

My analysis marked a breakout zone from a consolidation/triangle pattern.

Price is currently trading around $3,376 (as shown).

The chart shows two target points:

First target: Around $3,410

Second target: Around $3,460



🎯 Possible Targets:

1. Immediate Target (Short-Term):
If the breakout sustains, the first resistance/target level is at $3,410.


2. Extended Target (Medium-Term):
If momentum continues and price breaks above $3,410, the next target is near $3,440.


3. Support Levels to Watch:

$3,362 (short-term support)

$3,348 (stronger support if price pulls back)




⚠ Reminder: This is technical analysis, not financial advice. Always manage risk with stop-losses, as gold can be very volatile.
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Note
gold buy running almost 250 pips

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