"Gold Price Analysis: Potential Breakout Scenarios and Targets"

Once the gold price surpasses and sustains above 2323-26 with M15/M30 closing above, the next challenge lies around 2335-2338. Upon an H1 candle closure above 2337-38, it signals a favorable outlook for a 200 pips upward movement, targeting up to 2358. The ongoing consolidation within this range indicates potential for a significant breakout. Post-breakout, the anticipated range is between 2359-2372. Conversely, if there's an H1 closing below 2312, the price might regress towards the levels of 2297-2290.

Trade active:

#Update #XAUUSD M15 Buy Setup Exciting Development Price Successfully Pierced 2314 and Surpassed Our Final Target of 2329, Garnering a Remarkable 150 Pips in Under an Hour! Demonstrating the Strength of Technical Analysis.Trade Closed

As Anticpated Price Failed to sustain above 2326 and fall to 2313 agaiin .

Trade active:

#H1 #XAUUSD Update
As predicted, our analysis forecasted that a H1 candle closing above 2323-2326 would propel the price towards 2335-2338, and indeed, it surged to 2338.70 and made almost 150 pips easily precisely as expected, encountering resistance at our marked zone. Looking ahead, our anticipation is for another significant upswing of over 200 pips, targeting 2359-2372, contingent upon a H1/H4 candle closure above 2338-2342. The pivotal role of the H4 candle closing underscores the strength and accuracy of our analysis.

Trade closed: target reached:

Update #XAUUSD on the H1 chart broke and closed above the 2338 mark, with the closing candle reaching as high as 2337.70, essentially equivalent to 2338. Following this breakout, it surged nearly 100 pips, hitting a high of 2347.250. Despite our usual precision in identifying candle closing levels, the market has been range-bound for the past two weeks, making it challenging to find optimal entry points even with all major confirmations in place.We May See Some Retracement and than again upside upto 2358-64

Trade closed: target reached:

#H1 Update On the H1 chart, #XAUUSD decisively breached and closed above the critical 2338 level. This breakout was followed by a smooth and impressive surge of almost 200 pips, without encountering any significant drawdown, reaching a high of 2355.890. Yesterday's M15 setup also delivered a solid 200 pips gain, adding to our recent successes. With these substantial gains, it's safe to say that we've had a highly profitable week. We hope everyone appreciated and benefited from both of these setups. This success is a testament to the quality of our analysis and the effectiveness of our strategies.

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Trade closed: target reached:

#XAUUSD H1 SMC Based Setup Our purchase at 2338 has surpassed all targets and is presently trading at 2366. If we witness an H1 closing above 2366, it could pave the way for 2380. However, buying at these elevated levels carries risk, particularly given that it's Friday, so I'll exercise caution. The range of 2380-96 might serve as resistance, potentially exerting downward pressure on the price.