XAUUSD 4H Chart - Symmetrical Triangle Breakout Trade Setup
XAUUSD (Gold Spot vs. USD) 4-hour chart a symmetrical triangle pattern forming after a consolidation phase. This pattern is typically neutral but can lead to a breakout in the direction of prevailing momentum.
Entry Zone:
Buy Entry: On confirmed breakout above the upper resistance trendline (around 3,351–3,340 USD).
Confirmation: Look for a strong bullish candle close above the triangle with increased volume and a break above recent highs.
Target Points:
Target 1: ~3,420 USD
Target 2: ~3,500 USD
(Measured using the height of the triangle projected from the breakout point)
Stop Loss:
Just below the breakout candle low or below the last swing low (~3,280–3,300 USD), depending on your risk tolerance.
Risk-Reward Ratio:
R:R ~1:2 to 1:3, depending on exact entry and stop levels.
Indicators Used:
Ichimoku Cloud shows early support and a potential bullish trend.
Chart pattern trendlines indicate compression before potential breakout.
Trade Setup Summary:
Pattern: Symmetrical Triangle
Bias: Bullish breakout
Entry: On breakout above resistance
TPs: 3,420 and 3,500
SL: Below 3,300
Entry Zone:
Buy Entry: On confirmed breakout above the upper resistance trendline (around 3,351–3,340 USD).
Confirmation: Look for a strong bullish candle close above the triangle with increased volume and a break above recent highs.
Target Points:
Target 1: ~3,420 USD
Target 2: ~3,500 USD
(Measured using the height of the triangle projected from the breakout point)
Stop Loss:
Just below the breakout candle low or below the last swing low (~3,280–3,300 USD), depending on your risk tolerance.
Risk-Reward Ratio:
R:R ~1:2 to 1:3, depending on exact entry and stop levels.
Indicators Used:
Ichimoku Cloud shows early support and a potential bullish trend.
Chart pattern trendlines indicate compression before potential breakout.
Trade Setup Summary:
Pattern: Symmetrical Triangle
Bias: Bullish breakout
Entry: On breakout above resistance
TPs: 3,420 and 3,500
SL: Below 3,300
Dagangan aktif
trade active Nota
Entry 3340 running profit 530+ pips running wait for more buy Dagangan ditutup: hentian tercapai
entry from 3351-3340 Target 3420
gold touch 3403 secured 630+ pips
now close Gold
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.
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.