XAUUSD Forming Bullish Continuation Patternhi traders,
let's have a look at Gold on 3D time frame.
✅ Technical Outlook:
Uptrend Still Intact
Price action remains firmly within a higher high, higher low structure, confirming that Gold is still in an active uptrend.
* We can observe the Ascending Triangle Formation.
An ascending triangle has formed, with the price consistently finding support on a rising trendline while pressing against the horizontal resistance around $3,430.
This pattern typically acts as a bullish continuation, especially within strong trends.
Potential Breakout Target
If XAUUSD breaks above the horizontal resistance, the measured move (height of the triangle) points to a potential upside of ~13.32%, targeting the $3,880–3,900 zone.
RSI Observations
The RSI is consolidating just above 50 and remains in bullish territory. A breakout above the RSI trendline would further support bullish momentum.
📌 Trade Scenario (Plan A – Bullish Breakout):
Entry: Upon breakout and daily close above ~$3,430
Target: ~$3,880
Support Trendline: Acting as dynamic support
📌 Alternate Scenario (Plan B – Retest):
Price may retest the ascending trendline support before attempting a breakout. This would offer a lower-risk entry opportunity with tighter invalidation.
🧠 Summary:
Gold remains in a strong uptrend, and the formation of an ascending triangle suggests a likely continuation to the upside. Watch for a breakout confirmation above the horizontal resistance for a potential high-probability long setup.
