XAUUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

Key Observations:

1. Uptrend Confirmation:

The price is following an upward trendline, acting as dynamic support.

The breakout above the resistance zone (green/yellow area) suggests bullish momentum.



2. Trade Setup:

Entry Point: Around $2,944.280

Take Profit (Target): $2,980.411 (Green shaded area)

Stop-Loss: $2,928.839 (Red shaded area)



3. Technical Analysis:

The price has cleared a key resistance level (yellow zone) and is now expected to continue rising.

The risk-reward ratio appears favorable, with a tight stop-loss and a larger potential profit range.

The black arrow indicates the projected bullish move.




Conclusion:

This is a long (buy) trade setup, expecting Gold to move toward $2,980.411 while managing risk with a stop-loss at $2,928.839. The trader is betting on continued bullish momentum.

Are you planning to enter this trade or waiting for further confirmation?