Technical Analysis:
Gold has broken out of a symmetrical triangle pattern on the 1-hour chart, signaling a potential bullish continuation. The breakout above the resistance trendline confirms buyer momentum, supported by a strong impulse candle. The previous bearish move has now reversed, and price is testing the breakout zone.
Pattern: Symmetrical Triangle
Breakout Direction: Bullish
Entry Zone: Above 3,280 breakout area
Target: 3,360–3,380 short-term, with extended resistance near 3,400
Support: 3,280 (retest zone)
Risk: Failure to hold above 3,280 may invalidate breakout
Fundamental View:
Gold remains supported by weaker USD, ongoing global risk concerns, and expectations of easing Fed policy. These factors enhance safe-haven appeal, providing bullish momentum.
Trend: Bullish
Status: Trade Active – watching for continuation or retest bounce.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
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NOTE: This is not financial advice. Trade at your own risk.
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Gold has broken out of a symmetrical triangle pattern on the 1-hour chart, signaling a potential bullish continuation. The breakout above the resistance trendline confirms buyer momentum, supported by a strong impulse candle. The previous bearish move has now reversed, and price is testing the breakout zone.
Pattern: Symmetrical Triangle
Breakout Direction: Bullish
Entry Zone: Above 3,280 breakout area
Target: 3,360–3,380 short-term, with extended resistance near 3,400
Support: 3,280 (retest zone)
Risk: Failure to hold above 3,280 may invalidate breakout
Fundamental View:
Gold remains supported by weaker USD, ongoing global risk concerns, and expectations of easing Fed policy. These factors enhance safe-haven appeal, providing bullish momentum.
Trend: Bullish
Status: Trade Active – watching for continuation or retest bounce.
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!
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
Trade active
Buy Trade Placed From $3,307 use Lots As Per Your Account Equity Mange Proper Risk Mangement Good Luck Guy'sTrade closed: target reached
Update: Target Hit – 3,380 Reached 730+ Pips traget HitThe bullish breakout from the triangle pattern played out as expected. Price action reached the projected target zone of 3,380, completing the move with strong momentum. Trade closed successfully with profit.
Status: Trade Completed
Result: Target Hit – 3,380
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t.me/GoldUkExpert
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.