Bullish Breakout Anticipation on Gold (XAU/USD)
On the 30-minute chart, Gold is forming a classic falling wedge pattern, typically seen as a bullish reversal setup. We've just touched the lower support trendline, and early breakout signs are emerging.
📍 Entry: 3,309.500
🎯 Target: 3,335.500
🛑 Stop Loss: 3,299.000
The risk-to-reward ratio looks favorable, and a breakout above the wedge resistance could push price towards the 3,335+ region. Let’s watch for confirmation and volume on breakout.
👇 Drop your thoughts below and let’s discuss!
✅ If you find this analysis helpful, please support by giving a like and following — your support means a lot! 🙌 🟡
On the 30-minute chart, Gold is forming a classic falling wedge pattern, typically seen as a bullish reversal setup. We've just touched the lower support trendline, and early breakout signs are emerging.
📍 Entry: 3,309.500
🎯 Target: 3,335.500
🛑 Stop Loss: 3,299.000
The risk-to-reward ratio looks favorable, and a breakout above the wedge resistance could push price towards the 3,335+ region. Let’s watch for confirmation and volume on breakout.
👇 Drop your thoughts below and let’s discuss!
✅ If you find this analysis helpful, please support by giving a like and following — your support means a lot! 🙌 🟡
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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.