Buy XAUUSD Channel Breakout

The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 2326, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2351
2nd Support – 2365

Stop-Loss: To manage risk, place a stop-loss order below 2316.50 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.

Trade active

Comment:

Running in Profit

Comment:

Now running with good profit

Trade closed: target reached

Trade closed: target reached:

Reached our 2nd Target with Good Profit