XAUUSD – Bullish Pennant Breakout in Progress (Long Setup Active

Gold (XAUUSD) has formed a Bullish Pennant on the 30-min chart following a strong upward move, indicating a potential continuation of bullish momentum. Price is breaking above the pennant resistance, confirming a long trade setup with a clear upside target.

🔹 Pattern: Bullish Pennant
🔹 Current Price: ~$3,335
🔹 Breakout Zone: ~$3,349
🔹 Target: $3,400 – $3,393
🔹 Stop Out Level: Below $3,324
🔹 Technical Outlook: Price above Ichimoku cloud and consolidating after impulse move
🔹 Fundamentals: Ongoing geopolitical tensions and inflation hedging support gold demand

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Trade active

Trade active – bullish bias remains valid as long as price holds above breakout and cloud support. 📈✨

Hellena_Fx

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Hellena_Fx

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Telegram @Signals_98
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