Trend Overview
📈 Uptrend in Progress
Price is moving within an ascending channel:
🔵 Support Line (bottom of channel)
🔺 Resistance Line (top of channel)
Key Levels
Current Price:
● 3,337.53 (📍)
Trade Idea (Long Setup):
🔵 Entry Zone
● 3,306.85 – 3,302.98
(Wait for pullback into this area)
🟦 RBS + RBR ZONE – Previous resistance, now potential support
🔴 Stop Loss
● 3,265.51
💣 Protect your capital below support zone
🎯 Target
● 3,490
🚀 Bullish target based on breakout from channel and momentum
📉 EMA 70:
● 3,282.74 (📉 Red Line)
Helps confirm trend direction. Price above EMA = Bullish bias.
Outlook Summary
✅ Wait for a dip to entry zone
✅ Stop below recent support zone
✅ Target high at 3,490 if breakout continues
📈 Uptrend in Progress
Price is moving within an ascending channel:
🔵 Support Line (bottom of channel)
🔺 Resistance Line (top of channel)
Key Levels
Current Price:
● 3,337.53 (📍)
Trade Idea (Long Setup):
🔵 Entry Zone
● 3,306.85 – 3,302.98
(Wait for pullback into this area)
🟦 RBS + RBR ZONE – Previous resistance, now potential support
🔴 Stop Loss
● 3,265.51
💣 Protect your capital below support zone
🎯 Target
● 3,490
🚀 Bullish target based on breakout from channel and momentum
📉 EMA 70:
● 3,282.74 (📉 Red Line)
Helps confirm trend direction. Price above EMA = Bullish bias.
Outlook Summary
✅ Wait for a dip to entry zone
✅ Stop below recent support zone
✅ Target high at 3,490 if breakout continues
Trade active
Note
Instrument: Gold vs USD (XAU/USD)Status: Running in Profits (Current: $3,358.12)
Entry & Setup
🔵 Entry Point: $3,312.22
🔶 Stop Loss: $3,265.51
🎯 Target Point: $3,490
Chart Highlights
📈 Trend:
* Bullish Channel (Support & Resistance Lines)
* Price respected channel multiple times
🔁 Break & Retest:
* Resistance broken around $3,306.85
* Retest at RBS zone ($3,302–$3,306) confirmed support
📊 EMA 70:
* Price bouncing above the EMA (currently $3,312.22)
* Acts as dynamic support
⚖️ Risk-Reward:
* Excellent R:R setup (Approx. 1:4)
Current Situation
✅ In Profits!
* Price is trading above entry
* Bullish momentum strong
* Headed toward the target at $3,490
Next Steps
🔒 Consider trailing your stop-loss to lock in gains
🔭 Watch for price action near $3,400 resistance zone
⚠️ If price falls back below $3,302, reassess trade
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t.me/JaMesGoldFiGhteR786
join my refferal broker
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.