Gold H4 Timeframe

80
Hello Trader,

The chart you shared indicates a breakout in gold prices around the 3038-3030 range, followed by a potential retracement before moving towards a higher target. The highlighted buying zones are between 3000-3005 and 2950-2960.

Would you like insights on trade execution, risk management, or further confirmation signals?

The chart suggests a target zone in the range of 3,100 to 3,150 USD after a potential retracement. The breakout from the 3038-3030 level indicates bullish momentum, but the price may first revisit support zones (3000-3005 or 2950-2960) before continuing upward.

If you're trading this setup:

Bullish confirmation: A bounce from support and strong buying volume.

Invalidation: A breakdown below 2950 could indicate a trend reversal.


Would you like specific stop-loss and risk management suggestions?

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