$XAUT: Breaks Out of Falling Wedge Pattern: Targets Set Higher
LONG SETUP XAUT
Entry: $4169.50 - $4175.00
Stop Loss: $4025.00
Take Profit: $4466.75 (2R)
Key Levels: Support $4169.38 | Resistance $4193.66
Technical Analysis for $XAUT: Price sits above EMA9, EMA21, EMA50 and EMA200, showing a clear bullish structure. ADX at 34 confirms strong trend momentum. Watch the 4193.66 resistance; a break could drive price toward the 2R target around 4467. A move below 4169.38 invalidates the setup. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: BTC is up 0.76% on the day, while 76.4% of the market is green, indicating broadly positive sentiment.
LONG $XAUT
LONG SETUP XAUT
Entry: $4169.50 - $4175.00
Stop Loss: $4025.00
Take Profit: $4466.75 (2R)
Key Levels: Support $4169.38 | Resistance $4193.66
Technical Analysis for $XAUT: Price sits above EMA9, EMA21, EMA50 and EMA200, showing a clear bullish structure. ADX at 34 confirms strong trend momentum. Watch the 4193.66 resistance; a break could drive price toward the 2R target around 4467. A move below 4169.38 invalidates the setup. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: BTC is up 0.76% on the day, while 76.4% of the market is green, indicating broadly positive sentiment.
LONG $XAUT