🔶 Chart: 4H timeframe
🔶 Pattern: Symmetrical Triangle
Gold is currently consolidating within a well-defined symmetrical triangle on the 4H chart, marked by a series of lower highs and higher lows — a classic setup indicating a potential breakout is near.
🔍 Technical Breakdown:
✅ Price has respected both trendlines multiple times, confirming the structure.
✅ The apex is approaching, suggesting volatility and a directional move are imminent.
✅ Volume is compressing, aligning with typical breakout behavior.
🧭 Bias: Neutral – Wait for Confirmation
We’re at a decision point. Don’t front-run the move — wait for a clean 4H candle close outside the triangle with volume confirmation. Whichever side breaks, the follow-through could be sharp.
Set alerts at Above and Below triangle to catch the move in real time.
🔶 Pattern: Symmetrical Triangle
Gold is currently consolidating within a well-defined symmetrical triangle on the 4H chart, marked by a series of lower highs and higher lows — a classic setup indicating a potential breakout is near.
🔍 Technical Breakdown:
✅ Price has respected both trendlines multiple times, confirming the structure.
✅ The apex is approaching, suggesting volatility and a directional move are imminent.
✅ Volume is compressing, aligning with typical breakout behavior.
🧭 Bias: Neutral – Wait for Confirmation
We’re at a decision point. Don’t front-run the move — wait for a clean 4H candle close outside the triangle with volume confirmation. Whichever side breaks, the follow-through could be sharp.
Set alerts at Above and Below triangle to catch the move in real time.
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.
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.