📊 XAU/USD – Bullish Breakout Explained
Gold gave us a clear bullish signal today:
1️⃣ Fake out (liquidity sweep): Price first dropped below support to grab liquidity from weak buyers before reversing.
2️⃣ Change of Character (ChoCh): After the fake out, price shifted structure to bullish, showing buyers stepping in.
3️⃣ Resistance Break: The market broke out of the range and cleared the resistance zone, confirming bullish strength.
4️⃣ Next Steps: Price may return to mitigate the 15M Order Block / demand zone before continuing higher.
🎯 Target: 3,390 is the next key level. As long as the market respects the support zone, the bullish bias remains strong.
💡 Tip for beginners: Always wait for confirmation (fake outs, ChoCh, resistance break) before entering a trade. This reduces false signals and helps you trade with institutional flow.
GOOD LUCK TRADERS ;)
Gold gave us a clear bullish signal today:
1️⃣ Fake out (liquidity sweep): Price first dropped below support to grab liquidity from weak buyers before reversing.
2️⃣ Change of Character (ChoCh): After the fake out, price shifted structure to bullish, showing buyers stepping in.
3️⃣ Resistance Break: The market broke out of the range and cleared the resistance zone, confirming bullish strength.
4️⃣ Next Steps: Price may return to mitigate the 15M Order Block / demand zone before continuing higher.
🎯 Target: 3,390 is the next key level. As long as the market respects the support zone, the bullish bias remains strong.
💡 Tip for beginners: Always wait for confirmation (fake outs, ChoCh, resistance break) before entering a trade. This reduces false signals and helps you trade with institutional flow.
GOOD LUCK TRADERS ;)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.