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Gold H1 Chart Breakout and Bullish Analysis

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Gold Technical Overview:

Gold Buying Levels: 3310, 3295

Targets: 3350, 3395

Supporting Areas: 3300, 3285 while the demand lies down to the 3250

Resistance Areas: 3340, 3365, 3395

Gold on h1 candles seems bullish as it has broken the bearish trend line now if market breaks the resistance of 3340 then its next target will be to test the areas 3365. Currently market is bullish as it has previously tested the lower areas of 3285 but got rejected and if tested again will face rejection again. currently there are chances that market might use 3310 position as a support and continue its bullish trend.
Сделка активна
Target 1: 3350 hit
400 pips achieved from 3310 to 3350
Сделка закрыта: достигнута тейк-профит цена
closing this target with 630 pips. Market touched 3373

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