CFDs on Gold (15-Minute Chart)

Analysis:

The price is moving within an upward channel and may potentially reach the target of 2770.704.

Support zones indicate key levels where the price might retrace.

The stop loss is set at 2734.542 to limit losses in case of a downward breakout.


Strategy:

1. Entry: Look for buying opportunities near the support zones within the channel.


2. Target: Take profit at 2770.704 or the upper channel boundary.


3. Stop Loss: Place the stop loss at 2734.542 to manage risk.



Recommendation:

Avoid placing large orders without confirmation of an upward breakout through candlestick closure.