XAUUSD Approaching Breakout Zone | Technical Setup on 15m Chart
Gold (XAUUSD) is showing signs of a potential breakout from a descending triangle pattern on the 15-minute chart. The price has recently tested the upper trendline resistance but faced rejection, suggesting caution.
Key observations:
Structure: Descending triangle with multiple rejections at resistance.
Support Zone: 3,285 – 3,290 area holds historical significance.
Volume: Noticeable spike during the recent upward leg, hinting at strong participation.
Bias: Watching for a clean breakout and close above the trendline for bullish confirmation. A rejection and breakdown below the 3,285 support area may shift short-term bias.
This setup is ideal for traders monitoring breakout or reversal opportunities with defined risk management. Always confirm with your trading rules and strategy.
Key observations:
Structure: Descending triangle with multiple rejections at resistance.
Support Zone: 3,285 – 3,290 area holds historical significance.
Volume: Noticeable spike during the recent upward leg, hinting at strong participation.
Bias: Watching for a clean breakout and close above the trendline for bullish confirmation. A rejection and breakdown below the 3,285 support area may shift short-term bias.
This setup is ideal for traders monitoring breakout or reversal opportunities with defined risk management. Always confirm with your trading rules and strategy.
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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.