Gold has broken out of a symmetrical triangle pattern to the upside, signaling potential bullish continuation. Price has retested the breakout zone (trendline + demand zone) and is now showing strong bullish momentum.
Key Levels:
- Entry Zone: Breakout retest area (highlighted in blue)
- TP: Previous supply zone (marked above)
- SL: Below trendline and demand zone
Bias: Bullish
Reason: Trendline breakout + demand zone confluence + market structure shift.
Monitoring price action closely for confirmation and continuation towards the higher supply zone.
#Gold #XAUUSD #Breakout #SmartMoney #TechnicalAnalysis #Trendline #PriceAction
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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.