📊 XAU/USD – Bullish Breakout Explained
Gold gave us a clear bullish signal today:
1️⃣ Fake out (liquidity sweep): Price first dropped below support to grab liquidity from weak buyers before reversing.
2️⃣ Change of Character (ChoCh): After the fake out, price shifted structure to bullish, showing buyers stepping in.
3️⃣ Resistance Break: The market broke out of the range and cleared the resistance zone, confirming bullish strength.
4️⃣ Next Steps: Price may return to mitigate the 15M Order Block / demand zone before continuing higher.
🎯 Target: 3,390 is the next key level. As long as the market respects the support zone, the bullish bias remains strong.
💡 Tip for beginners: Always wait for confirmation (fake outs, ChoCh, resistance break) before entering a trade. This reduces false signals and helps you trade with institutional flow.
GOOD LUCK TRADERS ;)
Gold gave us a clear bullish signal today:
1️⃣ Fake out (liquidity sweep): Price first dropped below support to grab liquidity from weak buyers before reversing.
2️⃣ Change of Character (ChoCh): After the fake out, price shifted structure to bullish, showing buyers stepping in.
3️⃣ Resistance Break: The market broke out of the range and cleared the resistance zone, confirming bullish strength.
4️⃣ Next Steps: Price may return to mitigate the 15M Order Block / demand zone before continuing higher.
🎯 Target: 3,390 is the next key level. As long as the market respects the support zone, the bullish bias remains strong.
💡 Tip for beginners: Always wait for confirmation (fake outs, ChoCh, resistance break) before entering a trade. This reduces false signals and helps you trade with institutional flow.
GOOD LUCK TRADERS ;)
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