XAUUSD IS READY TO FLYING MUST READ THE CAPTION
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This chart displays an hourly analysis of Gold (XAU/USD) with a potential bullish setup. Here's a breakdown:
1. Trend and Price Channel:
A rising parallel channel is drawn, suggesting a short-term uptrend.
The price has respected the channel boundaries, bouncing off the lower and upper limits.
2. Key Levels:
Support: Around 2,635 (stop-loss level).
Resistance: Around 2,680-2,685 (target area).
3. Trade Idea:
The chart indicates a buy setup:
Entry: Around the current price (2,653).
Stop Loss: Below the channel at 2,635, providing a buffer against downside risk.
Target: 2,680-2,685, just above the channel's upper resistance.
4. Projection:
The white arrows suggest a predicted price movement:
A potential retracement before moving higher to the target zone (2,680-2,685).
5. Risk-Reward:
The setup offers a favorable risk-reward ratio if the price continues to follow the channel's trajectory.
Analysis: The chart anticipates a continuation of the uptrend as long as the price remains within the channel. If the price breaks below 2,635, it may invalidate the bullish outlook.
1. Trend and Price Channel:
A rising parallel channel is drawn, suggesting a short-term uptrend.
The price has respected the channel boundaries, bouncing off the lower and upper limits.
2. Key Levels:
Support: Around 2,635 (stop-loss level).
Resistance: Around 2,680-2,685 (target area).
3. Trade Idea:
The chart indicates a buy setup:
Entry: Around the current price (2,653).
Stop Loss: Below the channel at 2,635, providing a buffer against downside risk.
Target: 2,680-2,685, just above the channel's upper resistance.
4. Projection:
The white arrows suggest a predicted price movement:
A potential retracement before moving higher to the target zone (2,680-2,685).
5. Risk-Reward:
The setup offers a favorable risk-reward ratio if the price continues to follow the channel's trajectory.
Analysis: The chart anticipates a continuation of the uptrend as long as the price remains within the channel. If the price breaks below 2,635, it may invalidate the bullish outlook.
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Running 200 pipsملاحظة
Keep hold fomc is coming tonight 
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