Gold (XAUUSD) - Bearish Breakout from Triangle Pattern | BreakOut
Technical Analysis: On the 1-hour timeframe, Gold (XAUUSD) has formed a symmetrical triangle pattern, indicating price consolidation and reduced volatility. Recently, price action confirmed a bearish breakout below the triangle's lower trendline, suggesting a shift in momentum to the downside. The measured move technique has been applied to project the downside target, which aligns with the 3,158.27 level.
Entry: Break and retest below the triangle.
Stop Loss: Above the triangle resistance (~3,270).
Take Profit Target: 3,158.27 (based on pattern projection).
Risk-to-Reward Ratio: Favorable setup with clear invalidation.
Fundamental Context: From a macroeconomic perspective, ongoing U.S. dollar strength, supported by robust economic data and potential Fed tightening, has added downward pressure on gold prices. Additionally, reduced geopolitical tensions have limited safe-haven demand, contributing to bearish sentiment in precious metals.
Trend Outlook: The short-term trend is bearish following the breakout. Traders should monitor momentum and volume for confirmation of continuation. A failure to hold below the breakout zone could invalidate the setup.
Technical Analysis: On the 1-hour timeframe, Gold (XAUUSD) has formed a symmetrical triangle pattern, indicating price consolidation and reduced volatility. Recently, price action confirmed a bearish breakout below the triangle's lower trendline, suggesting a shift in momentum to the downside. The measured move technique has been applied to project the downside target, which aligns with the 3,158.27 level.
Entry: Break and retest below the triangle.
Stop Loss: Above the triangle resistance (~3,270).
Take Profit Target: 3,158.27 (based on pattern projection).
Risk-to-Reward Ratio: Favorable setup with clear invalidation.
Fundamental Context: From a macroeconomic perspective, ongoing U.S. dollar strength, supported by robust economic data and potential Fed tightening, has added downward pressure on gold prices. Additionally, reduced geopolitical tensions have limited safe-haven demand, contributing to bearish sentiment in precious metals.
Trend Outlook: The short-term trend is bearish following the breakout. Traders should monitor momentum and volume for confirmation of continuation. A failure to hold below the breakout zone could invalidate the setup.
Dagangan aktif
Trade Active:Sell position activated at $3,226 following Triangle breakdown. Monitoring price action toward target$3,260.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.