hello guys.
Key Observations:
Ascending Triangle Breakout: The chart depicts a bullish ascending triangle pattern, which has successfully broken above resistance at approximately $2,980. This is a strong continuation signal.
Fibonacci Retracement and Extensions:
Price cleared the 0.618 Fibonacci level near $2,850, confirming bullish momentum.
Key resistance levels are located at $3,895 (0.33 Fibonacci retracement) and $4,410 (0.66 Fibonacci retracement), acting as mid-to-long-term targets.
Potential Pullback Zone: The breakout retest area near $2,880 provides a potential re-entry point for buyers if the price corrects.
Target Projections:
The immediate target for the breakout is around $3,500.
Higher levels beyond $4,000 are possible with sustained momentum and increased volume.
Key Observations:
Ascending Triangle Breakout: The chart depicts a bullish ascending triangle pattern, which has successfully broken above resistance at approximately $2,980. This is a strong continuation signal.
Fibonacci Retracement and Extensions:
Price cleared the 0.618 Fibonacci level near $2,850, confirming bullish momentum.
Key resistance levels are located at $3,895 (0.33 Fibonacci retracement) and $4,410 (0.66 Fibonacci retracement), acting as mid-to-long-term targets.
Potential Pullback Zone: The breakout retest area near $2,880 provides a potential re-entry point for buyers if the price corrects.
Target Projections:
The immediate target for the breakout is around $3,500.
Higher levels beyond $4,000 are possible with sustained momentum and increased volume.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
