📈XAUUSD on the 15-minute timeframe has formed a symmetrical triangle pattern, indicating a period of consolidation. The price is currently fluctuating within this pattern, with clear resistance levels around 2415, 2420, and 2425 USD and a support level around 2395 USD.A breakout from this symmetrical triangle could signal a potential trading opportunity. If the price breaks above the upper resistance of the triangle (around 2415 USD), it may indicate a bullish move towards the next resistance levels. Conversely, if the price breaks below the lower support (around 2400 USD), it could suggest a bearish trend targeting the support level at 2395 USD or lower.Monitoring for a breakout with sustained momentum and volume could provide a reliable trading signal.
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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.