Buy XAUUSD Triangle Breakout

٢٠ مارس ٢٠٢٤

The XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming minutes or hours.

Key Points:

Buy Entry: Consider entering a long position (buying) around the current price of 2159, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels: Initial bullish targets lie at the following levels:
2174: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point.
2182: This is achieved by adding the height of the triangle to the breakout point.

Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the triangle, ideally around 2153. This helps limit potential losses if the price falls back unexpectedly.

Thank you

٢١ مارس ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف