Gold (XAUUSD) has broken out of a symmetrical triangle consolidation on the 1H chart, signaling bullish continuation. With solid technical structure and momentum building, the path toward 3,093+ remains firmly in play.
📊 Technical Breakdown
1. Symmetrical Triangle Formation
Price coiled within a classic symmetrical triangle, forming higher lows and lower highs—typically a continuation pattern in trending markets.
A breakout has now occurred to the upside, confirming bullish bias.
2. Breakout Projection
The measured move from the triangle projects a 2.62% upside, targeting the 3,093 zone.
3. Clean Market Structure
Bullish impulse followed by healthy consolidation reflects market strength.
Expectation: Price will print higher highs and higher lows on its way to upper targets.
🎯 Bullish Targets
TP1: 3,047.652
TP2: 3,058.038
TP3: 3,093.957
These levels are based on recent structure highs and the measured move from the breakout.
📌 Trade Plan
Entry Idea: On triangle breakout retest or momentum continuation above 3,025
Stop Loss: Below triangle support (~3,000)
Risk-to-Reward: Favorable on breakout continuation setups
🔎 Confluences
✅ Symmetrical Triangle Breakout
✅ Strong Bullish Trend
✅ Measured Move & Clear Targets
✅ Consistent Market Structure
Gold bulls are stepping in with strength. As long as price holds above the breakout zone, expect further upside toward 3,090+.
Want a version with SL-to-BE logic or trailing TP adjustments? Just let me know!
📊 Technical Breakdown
1. Symmetrical Triangle Formation
Price coiled within a classic symmetrical triangle, forming higher lows and lower highs—typically a continuation pattern in trending markets.
A breakout has now occurred to the upside, confirming bullish bias.
2. Breakout Projection
The measured move from the triangle projects a 2.62% upside, targeting the 3,093 zone.
3. Clean Market Structure
Bullish impulse followed by healthy consolidation reflects market strength.
Expectation: Price will print higher highs and higher lows on its way to upper targets.
🎯 Bullish Targets
TP1: 3,047.652
TP2: 3,058.038
TP3: 3,093.957
These levels are based on recent structure highs and the measured move from the breakout.
📌 Trade Plan
Entry Idea: On triangle breakout retest or momentum continuation above 3,025
Stop Loss: Below triangle support (~3,000)
Risk-to-Reward: Favorable on breakout continuation setups
🔎 Confluences
✅ Symmetrical Triangle Breakout
✅ Strong Bullish Trend
✅ Measured Move & Clear Targets
✅ Consistent Market Structure
Gold bulls are stepping in with strength. As long as price holds above the breakout zone, expect further upside toward 3,090+.
Want a version with SL-to-BE logic or trailing TP adjustments? Just let me know!
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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.