Gold has just broken out of a symmetrical triangle after several weeks of price compression. The price bounced cleanly from the lower trendline (point 0), signaling completed accumulation. The projected target based on the triangle breakout is $3,626, with a protective stop loss at $3,340. Clean breakout with strong indicator confluence. One to watch closely 👀
🎯 Take Profit (TP): 3,626
🛡️ Stop Loss (SL): 3,340
📈 Buy Confidence Level: 88%
🔍 Pure technical analysis – not financial advice.
#Gold #XAUUSD #Breakout #TechnicalAnalysis #TrianglePattern #TradingView #PriceAction
🎯 Take Profit (TP): 3,626
🛡️ Stop Loss (SL): 3,340
📈 Buy Confidence Level: 88%
🔍 Pure technical analysis – not financial advice.
#Gold #XAUUSD #Breakout #TechnicalAnalysis #TrianglePattern #TradingView #PriceAction
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.