The price action shows:
A parabolic uptrend inside a rising channel (or pitchfork structure).
Recent breakout attempt toward the upper band.
Fibonacci retracements drawn for pullback projections.
This looks like a rising channel / ascending channel with parabolic acceleration.
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🔹 Targets
From your chart:
Immediate target shown is around 3700 USD (upper channel resistance).
If bullish momentum continues, extension targets are 3750 – 3800 USD.
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🔹 Stop Loss
A good protective stop is below the mid-channel line, around 3400 – 3450 USD.
A tighter stop could be just under the last breakout zone: 3550 – 3580 USD (aggressive).
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🔹 Support Levels
1. 3550 – 3580 USD → short-term support.
2. 3450 – 3480 USD → mid support (channel median + Fib zone).
3. 3300 – 3350 USD → strong support (Fib + previous base).
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🔹 Resistance Levels
1. 3700 – 3720 USD (current key resistance).
2. 3800 USD (upper channel / Fib extension).
3. 4000 USD psychological level (long-term projection).
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✅ Suggested Trading Plan (swing perspective):
Entry: On dips near 3550–3600 USD or breakout above 3700 USD.
Target: 3720 → 3800 USD.
Stop Loss: Below 3450 USD (swing safe) or 3580 USD (tight).
A parabolic uptrend inside a rising channel (or pitchfork structure).
Recent breakout attempt toward the upper band.
Fibonacci retracements drawn for pullback projections.
This looks like a rising channel / ascending channel with parabolic acceleration.
---
🔹 Targets
From your chart:
Immediate target shown is around 3700 USD (upper channel resistance).
If bullish momentum continues, extension targets are 3750 – 3800 USD.
---
🔹 Stop Loss
A good protective stop is below the mid-channel line, around 3400 – 3450 USD.
A tighter stop could be just under the last breakout zone: 3550 – 3580 USD (aggressive).
---
🔹 Support Levels
1. 3550 – 3580 USD → short-term support.
2. 3450 – 3480 USD → mid support (channel median + Fib zone).
3. 3300 – 3350 USD → strong support (Fib + previous base).
---
🔹 Resistance Levels
1. 3700 – 3720 USD (current key resistance).
2. 3800 USD (upper channel / Fib extension).
3. 4000 USD psychological level (long-term projection).
---
✅ Suggested Trading Plan (swing perspective):
Entry: On dips near 3550–3600 USD or breakout above 3700 USD.
Target: 3720 → 3800 USD.
Stop Loss: Below 3450 USD (swing safe) or 3580 USD (tight).
Note
im professional forex and crypto trader im providing signals join me on telegram
t.me/GoldRoyalTrader15
t.me/GoldRoyalTrader15
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.
im professional forex and crypto trader im providing signals join me on telegram
t.me/GoldRoyalTrader15
t.me/GoldRoyalTrader15
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.