XAU/USD 4HOUR chart pattern ... falling wedge breakout setup
XAU/USD 4H Analysis | Falling Wedge Breakout Setup
Gold (XAU/USD) is currently forming a bullish falling wedge pattern on the 4-hour timeframe. This pattern often signals a potential reversal or breakout, and price is now approaching the wedge's upper resistance line, indicating a possible breakout.
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📉 Market Structure:
Price has been consistently making lower highs and lower lows, forming a clean wedge.
Volume is gradually decreasing, which is typical behavior before a breakout.
The price is also nearing the Ichimoku cloud, which may act as confirmation if a breakout closes above it.
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📐 Pattern Details:
Pattern: Falling Wedge (Bullish Reversal)
Support Zone: $3312 – $3315
Breakout Zone: $3340
Target After Breakout: $3375
Invalidation (Stop Loss): Below $
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📝 Trade Idea (upon breakout confirmation):
Entry: Above $3310 (after candle close confirmation)
Take Profit 1: $3400
Take Profit 2: $3500
Stop Loss: Below
Risk/Reward: Favorable R:R if breakout is valid
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📌 Summary:
> XAU/USD is showing a classic bullish falling wedge pattern on the 4H chart. A confirmed breakout above $3340 could trigger bullish momentum toward $3375. This setup is supported by price structure and volume contraction. Monitor closely for confirmation before entry. ✅
Gold (XAU/USD) is currently forming a bullish falling wedge pattern on the 4-hour timeframe. This pattern often signals a potential reversal or breakout, and price is now approaching the wedge's upper resistance line, indicating a possible breakout.
---
📉 Market Structure:
Price has been consistently making lower highs and lower lows, forming a clean wedge.
Volume is gradually decreasing, which is typical behavior before a breakout.
The price is also nearing the Ichimoku cloud, which may act as confirmation if a breakout closes above it.
---
📐 Pattern Details:
Pattern: Falling Wedge (Bullish Reversal)
Support Zone: $3312 – $3315
Breakout Zone: $3340
Target After Breakout: $3375
Invalidation (Stop Loss): Below $
---
📝 Trade Idea (upon breakout confirmation):
Entry: Above $3310 (after candle close confirmation)
Take Profit 1: $3400
Take Profit 2: $3500
Stop Loss: Below
Risk/Reward: Favorable R:R if breakout is valid
---
📌 Summary:
> XAU/USD is showing a classic bullish falling wedge pattern on the 4H chart. A confirmed breakout above $3340 could trigger bullish momentum toward $3375. This setup is supported by price structure and volume contraction. Monitor closely for confirmation before entry. ✅
Dagangan aktif
trade active entry from 3310 now touch 3349
390+ pips running wait for last target
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Forex, Gold & crypto Signals with detailed Analysis .
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Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.