Gold(XAUUSD Bullish Breakout with Upside Potential Towards 2,940
This chart shows a bullish structure in gold (XAUUSD) on the 15-minute timeframe.
1. **Break of Structure (BOS)** – There was a BOS to the upside, confirming bullish momentum.
2. **Change of Character (ChoCH)** – Multiple ChoCH events indicate a shift in sentiment before the breakout.
3. **Liquidity & Equal Highs (EQH)** – A weak high is marked around 2,940, suggesting a possible liquidity grab.
4. **Demand Zone & Trendline Support** – The price rebounded from a key demand zone and trendline support, fueling the breakout.
5. **Current Price Action** – Gold is currently in a minor pullback around 2,911 after a strong bullish push. The next potential target is near the 2,940 resistance.
If the price holds above the 2,904–2,911 support zone, further upside is expected toward 2,940. A failure to hold could lead to a retest of lower demand zones.
1. **Break of Structure (BOS)** – There was a BOS to the upside, confirming bullish momentum.
2. **Change of Character (ChoCH)** – Multiple ChoCH events indicate a shift in sentiment before the breakout.
3. **Liquidity & Equal Highs (EQH)** – A weak high is marked around 2,940, suggesting a possible liquidity grab.
4. **Demand Zone & Trendline Support** – The price rebounded from a key demand zone and trendline support, fueling the breakout.
5. **Current Price Action** – Gold is currently in a minor pullback around 2,911 after a strong bullish push. The next potential target is near the 2,940 resistance.
If the price holds above the 2,904–2,911 support zone, further upside is expected toward 2,940. A failure to hold could lead to a retest of lower demand zones.
Trade attivo
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.