XAUUSD – Bullish Breakout from Triangle | 3,090+ in SightGold (XAUUSD) has broken out of a symmetrical triangle consolidation on the 1H chart, signaling bullish continuation. With solid technical structure and momentum building, the path toward 3,093+ remains firmly in play.
📊 Technical Breakdown
1. Symmetrical Triangle Formation
Price coiled within a classic symmetrical triangle, forming higher lows and lower highs—typically a continuation pattern in trending markets.
A breakout has now occurred to the upside, confirming bullish bias.
2. Breakout Projection
The measured move from the triangle projects a 2.62% upside, targeting the 3,093 zone.
3. Clean Market Structure
Bullish impulse followed by healthy consolidation reflects market strength.
Expectation: Price will print higher highs and higher lows on its way to upper targets.
🎯 Bullish Targets
TP1: 3,047.652
TP2: 3,058.038
TP3: 3,093.957
These levels are based on recent structure highs and the measured move from the breakout.
📌 Trade Plan
Entry Idea: On triangle breakout retest or momentum continuation above 3,025
Stop Loss: Below triangle support (~3,000)
Risk-to-Reward: Favorable on breakout continuation setups
🔎 Confluences
✅ Symmetrical Triangle Breakout
✅ Strong Bullish Trend
✅ Measured Move & Clear Targets
✅ Consistent Market Structure
Gold bulls are stepping in with strength. As long as price holds above the breakout zone, expect further upside toward 3,090+.
Want a version with SL-to-BE logic or trailing TP adjustments? Just let me know!
