XAUUSD Breakout LoadingThe
XAUUSD 1H chart shows a symmetrical triangle forming, with strong support around the $3,280–$3,290 zone. Price is consolidating above this key area, suggesting bullish pressure.
A breakout above the descending trendline could push gold toward $3,320 and potentially $3,360.
A breakdown below the support zone would invalidate this setup.
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Related publications
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.