Gold (XAUUSD) is consolidating within a symmetrical triangle on the 1-hour timeframe, indicating potential for a breakout. The price is approaching the apex with tightening range, suggesting a strong move ahead. Current structure favors a bullish breakout, supported by Ichimoku cloud base and previous trend direction.
🔸 Pattern: Symmetrical Triangle
🔸 Bias: Bullish breakout expected
🔸 Entry Level: Above ~3,342
🔸 Target Zone: 3,400
🔸 Stop Loss: Below triangle support (~3,310)
🔸 Technical View: Volatility contraction suggests breakout; Ichimoku support confirms bias
🔸 Fundamental View: Gold strength may continue on macro uncertainty and potential Fed policy shifts
Outlook: Watch for a confirmed breakout above triangle resistance for a potential long opportunity toward the 3,400 zone.
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🔸 Pattern: Symmetrical Triangle
🔸 Bias: Bullish breakout expected
🔸 Entry Level: Above ~3,342
🔸 Target Zone: 3,400
🔸 Stop Loss: Below triangle support (~3,310)
🔸 Technical View: Volatility contraction suggests breakout; Ichimoku support confirms bias
🔸 Fundamental View: Gold strength may continue on macro uncertainty and potential Fed policy shifts
Outlook: Watch for a confirmed breakout above triangle resistance for a potential long opportunity toward the 3,400 zone.
Note :If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
Trade active
we should buying gold now after breakout Note
trade running 250+ Pips In long TradeNote
Look a the setupand results Note
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Telegram @Signals_98
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Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.