XAU/USD 1H CHART PATTERN

The XAU/USD 1-hour chart shows a bullish trend supported by a strong ascending trendlinPrice has recently broken key resistance levels, indicating potential continuation to the upside. Multiple "Change of Character" (ChoCh) signals and bullish price action suggest increasing momentum. The market structure indicates higher highs and higher lows, with Ichimoku cloud confirmation supporting the bullish bias. A breakout above the previous supply zone could drive price toward the projected targets. The setup aims to capitalize on this momentum while managing risk through a well-placed stop loss below structural support and trendline confluence.

Entry: 3320
Targets:
1st – 3347
2nd – 3365
3rd – 3415
Stop Loss: 3291

Trade active

Hold in buy

Note

1st Target (3347) Reached
2nd Target (3365) Reached

Trend_logic

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Trend_logic

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