Technical Analysis
Price is compressing inside a large symmetrical triangle that has been building since mid-April: higher swing-lows meet lower swing-highs, keeping volatility bottled up. The latest test of the rising base (≈ 3 270) held firmly, and we’re now mid-range, eyeing a break through the upper trend-line (~ 3 360).
Pattern: Symmetrical triangle (continuation bias).
Bullish trigger: 2-H close above 3 360 opens room to the measured-move target 3 470 (height of pattern added to breakout).
Key support / invalidation: 3 270 – a clean break below negates the setup.
Interim resistance: 3 400, 3 430.
Risk-to-reward: ~1 : 2 from a breakout entry with a stop below 3 270.
Fundamental backdrop
Dollar drift: DXY has softened as markets price a shallower Fed path and a possible mid-year pause, easing headwinds for bullion.
Real-rate stall: US 10-y real yields are stabilising under recent highs, removing downward pressure on non-yielding assets.
Macro anxiety: Persistent geopolitical noise and patchy global PMI prints keep haven demand simmering.
Call to Action:
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Bias & plan
While inside the triangle we remain neutral-to-constructive; a confirmed topside break turns the short-term trend bullish toward 3 470. Close below 3 270 shifts the bias to neutral/bearish.
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
Price is compressing inside a large symmetrical triangle that has been building since mid-April: higher swing-lows meet lower swing-highs, keeping volatility bottled up. The latest test of the rising base (≈ 3 270) held firmly, and we’re now mid-range, eyeing a break through the upper trend-line (~ 3 360).
Pattern: Symmetrical triangle (continuation bias).
Bullish trigger: 2-H close above 3 360 opens room to the measured-move target 3 470 (height of pattern added to breakout).
Key support / invalidation: 3 270 – a clean break below negates the setup.
Interim resistance: 3 400, 3 430.
Risk-to-reward: ~1 : 2 from a breakout entry with a stop below 3 270.
Fundamental backdrop
Dollar drift: DXY has softened as markets price a shallower Fed path and a possible mid-year pause, easing headwinds for bullion.
Real-rate stall: US 10-y real yields are stabilising under recent highs, removing downward pressure on non-yielding assets.
Macro anxiety: Persistent geopolitical noise and patchy global PMI prints keep haven demand simmering.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
Bias & plan
While inside the triangle we remain neutral-to-constructive; a confirmed topside break turns the short-term trend bullish toward 3 470. Close below 3 270 shifts the bias to neutral/bearish.
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
Trade active
Update: Buy Entry ActivatedPrice has broken upward from the symmetrical triangle formation, confirming the bullish setup. Buy entry is now active with upside potential toward the target zone at 3,470.
Entry: 3,322
Target: 3,470
Stop Loss: Below 3,270
Status: Trade Active – Bullish Bias Confirmed
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join my free Channel
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Telegram Contact
t.me/GoldUkExpert
t.me/+Jd5ZLmsvF-FkZjg0
Telegram Contact
t.me/GoldUkExpert
Related publications
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.