XAU/USD 4H Analysis | Falling Wedge Breakout Setup
Gold (XAU/USD) is currently forming a bullish falling wedge pattern on the 4-hour timeframe. This pattern often signals a potential reversal or breakout, and price is now approaching the wedge's upper resistance line, indicating a possible breakout.
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📉 Market Structure:
Price has been consistently making lower highs and lower lows, forming a clean wedge.
Volume is gradually decreasing, which is typical behavior before a breakout.
The price is also nearing the Ichimoku cloud, which may act as confirmation if a breakout closes above it.
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📐 Pattern Details:
Pattern: Falling Wedge (Bullish Reversal)
Support Zone: $3312 – $3315
Breakout Zone: $3340
Target After Breakout: $3375
Invalidation (Stop Loss): Below $
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📝 Trade Idea (upon breakout confirmation):
Entry: Above $3310 (after candle close confirmation)
Take Profit 1: $3400
Take Profit 2: $3500
Stop Loss: Below
Risk/Reward: Favorable R:R if breakout is valid
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📌 Summary:
> XAU/USD is showing a classic bullish falling wedge pattern on the 4H chart. A confirmed breakout above $3340 could trigger bullish momentum toward $3375. This setup is supported by price structure and volume contraction. Monitor closely for confirmation before entry. ✅
Gold (XAU/USD) is currently forming a bullish falling wedge pattern on the 4-hour timeframe. This pattern often signals a potential reversal or breakout, and price is now approaching the wedge's upper resistance line, indicating a possible breakout.
---
📉 Market Structure:
Price has been consistently making lower highs and lower lows, forming a clean wedge.
Volume is gradually decreasing, which is typical behavior before a breakout.
The price is also nearing the Ichimoku cloud, which may act as confirmation if a breakout closes above it.
---
📐 Pattern Details:
Pattern: Falling Wedge (Bullish Reversal)
Support Zone: $3312 – $3315
Breakout Zone: $3340
Target After Breakout: $3375
Invalidation (Stop Loss): Below $
---
📝 Trade Idea (upon breakout confirmation):
Entry: Above $3310 (after candle close confirmation)
Take Profit 1: $3400
Take Profit 2: $3500
Stop Loss: Below
Risk/Reward: Favorable R:R if breakout is valid
---
📌 Summary:
> XAU/USD is showing a classic bullish falling wedge pattern on the 4H chart. A confirmed breakout above $3340 could trigger bullish momentum toward $3375. This setup is supported by price structure and volume contraction. Monitor closely for confirmation before entry. ✅
Trade active
trade active entry from 3310 now touch 3349
390+ pips running wait for last target
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.