XAU/USD Breakout – Targeting $2,950?

13 feb

XAU/USD (Gold) 1H Chart Analysis 🏆📊
🔹 Current Price: $2,926.285
🔹 Recent High: $2,927.305
🔹 Recent Low: $2,923.840
🔹 200 EMA Support: $2,870.242 (far below current price)

Key Observations & Setup
✅ Breakout Confirmed: The price has broken out of a descending trendline, signaling bullish momentum.
✅ Target Zone: The red resistance zone near $2,945 - $2,950 is the next potential target.
✅ Potential Move: Price is expected to climb toward this resistance area before facing rejection or continuation.
✅ Support Levels: If the breakout fails, the previous resistance (now support) around $2,915 - $2,920 could be tested.

Trading Plan 📈💡
Bullish Play: If price holds above the breakout level, targeting $2,945 - $2,950 could be a solid setup.
Bearish Rejection: Watch for rejection at the resistance zone for possible short opportunities.
EMA Support: The 200 EMA remains far below, reinforcing overall bullish sentiment unless a major pullback occurs.
📢 Final Thoughts: This is a classic breakout & retest scenario. If momentum sustains, we could see a push into the resistance zone. Stay cautious for any rejection signals! 🚀🔥

16 feb

Trade chiuso: obiettivo raggiunto

🚀🎉 XAU/USD Breakout Success! But Just Shy of a New ATH 😢

We called the breakout, and gold delivered! 📈💥 Price pushed up beautifully, hitting $2,940 before pulling back—just a few pips shy of our upper target at $2,950. A near-perfect move!

🔹 What went right? ✅
🔥 The breakout from the trendline played out as expected.
🔥 Bulls took control, pushing price into our resistance zone.
🔥 Solid profit opportunity for those who caught the ride up!

🔹 What was missing? 😔
❌ No new All-Time High (ATH) this time!
❌ Market lacked the extra push to breach $2,950.

📢 Final Takeaway:
We celebrate the win 🎊 but also respect the market’s limits. The rejection at $2,940 signals that sellers are still active—so we watch, adapt, and wait for the next opportunity. Gold’s next ATH is coming... just not today! 🚀✨

Who’s ready for the next move? 💪🔥 #StaySharp