This 15-minute chart of Gold (XAU/USD) illustrates recent price action, highlighting key breakout points and a current consolidation phase. The chart shows:
Initial Breakout & Retest: A breakout from an ascending triangle pattern resulted in a price decline.
Current Range Formation: Gold is consolidating in a highlighted range, suggesting potential movement in either direction.
Key Levels:
Bullish Breakout Target: $3,045
Bearish Breakout Target: $3,021
Traders should monitor for a breakout from this range to confirm the next directional move.
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Initial Breakout & Retest: A breakout from an ascending triangle pattern resulted in a price decline.
Current Range Formation: Gold is consolidating in a highlighted range, suggesting potential movement in either direction.
Key Levels:
Bullish Breakout Target: $3,045
Bearish Breakout Target: $3,021
Traders should monitor for a breakout from this range to confirm the next directional move.
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trade active
Trade closed: target reached
Target reached successfully 
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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.
Related publications
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.