🔥XXAUUSD-CUP & Handle Breakout or Rejection? 🚀
Gold is forming a classic cup and handle pattern, signaling a potential breakout! Price has been climbing within an ascending channel, approaching a key resistance zone. If XAU/USD breaks above this level, we could see a strong bullish continuation. However, a rejection might lead to a pullback towards support levels.
🔑 Key Levels to Watch:
✅ Support: $3,012 – $3,025 📉
✅ Resistance: $3,059 📈
✅ Potential Breakout Zone – Handle confirmation needed
Will Gold break out or face rejection? Let me know your thoughts in the comments!
Gold is forming a classic cup and handle pattern, signaling a potential breakout! Price has been climbing within an ascending channel, approaching a key resistance zone. If XAU/USD breaks above this level, we could see a strong bullish continuation. However, a rejection might lead to a pullback towards support levels.
🔑 Key Levels to Watch:
✅ Support: $3,012 – $3,025 📉
✅ Resistance: $3,059 📈
✅ Potential Breakout Zone – Handle confirmation needed
Will Gold break out or face rejection? Let me know your thoughts in the comments!
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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.
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.