Gold Spot / U.S. Dollar
Long
Updated

XAU/USD 30M CHART PATTERN.

375
XAUUSD (Gold Spot vs USD) on the 30-minute timeframe, here’s the breakdown:

Observations:

A descending channel was broken to the upside.

Price is above the Ichimoku cloud, which often suggests bullish momentum.

There is a clearly marked support zone around 3,320 - 3,325.

Two target points are drawn with arrows indicating potential upside levels.



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📍 Target Levels (as seen on the chart):

1. First Target: Approximately 3,370


2. Second Target: Approximately 3,405 – 3,410



These targets are based on previous resistance levels and potential price projections after the breakout.


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✅ Strategy Suggestion (if you're trading this):

Entry Zone: Around 3,327 – 3,330 (current level)

Stop Loss: Below Support Zone (~3,315)

Take Profits:

TP1: 3,370

TP2: 3,405 – 3,410



Let me know if you'd like Fibonacci levels or RSI confirmation as well.
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