XAUUSD BUY: Targeting $3,000 After a Break Above $2,700

"XAUUSD Trading Strategy: Targeting $3,000 After a Break Above $2,700 Resistance"

Current Price: 2,642
Resistance Level: 2,700
Moving Average Condition: 4-hour timeframe

Analysis:
If XAUUSD breaks above the resistance level at 2,700 and the price also crosses above the 4-hour moving average (MA) with strong bullish momentum, it signals a potential continuation of the uptrend. The ultimate target for this movement is set at 3,000.

Trade Setup
Entry Point:

Enter a long position when the price closes above 2,700 and confirms a break above the 4-hour moving average.
Take Profit Targets:

Take Profit 1: 2,800
Take Profit 2: 2,900
Take Profit 3: 3,000
Stop Loss:

Set a stop loss at 2,620, below the breakout level and moving average, to minimize risk.