🚨 Gold (XAUUSD) Technical Analysis – 3H Chart
Gold is currently forming a classic contracting triangle pattern (ABCDE), with wave (e) in progress. Price is bouncing from a strong buyers’ zone near 3269.60, showing signs of upward pressure.
📊 Current Structure:
Wave count: (a)-(b)-(c)-(d)-(e)
Consolidation within a symmetrical triangle
Key support: 3269.60
Resistance zone to watch: 3408.00
📈 Potential Scenario:
If price holds above the buyer’s zone, we can expect a bullish wave (e) push towards the upper trendline at 3408, potentially leading to a breakout continuation.
📍 Trade Plan (Educational Purpose):
Long Setup Valid Above: 3269.60
Target: 3408.00
Stop Loss (SL): Below 3260 (based on your risk profile)
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🧠 Why This Matters?
This triangle setup often leads to strong breakout moves, especially in commodities like gold during fundamental uncertainty or dollar index shifts. The market is compressing — be prepared for the breakout move.
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📢 Follow for more clean Elliott Wave + Price Action setups!
💬 Drop your analysis in the comments. Let’s grow together!
Gold is currently forming a classic contracting triangle pattern (ABCDE), with wave (e) in progress. Price is bouncing from a strong buyers’ zone near 3269.60, showing signs of upward pressure.
📊 Current Structure:
Wave count: (a)-(b)-(c)-(d)-(e)
Consolidation within a symmetrical triangle
Key support: 3269.60
Resistance zone to watch: 3408.00
📈 Potential Scenario:
If price holds above the buyer’s zone, we can expect a bullish wave (e) push towards the upper trendline at 3408, potentially leading to a breakout continuation.
📍 Trade Plan (Educational Purpose):
Long Setup Valid Above: 3269.60
Target: 3408.00
Stop Loss (SL): Below 3260 (based on your risk profile)
---
🧠 Why This Matters?
This triangle setup often leads to strong breakout moves, especially in commodities like gold during fundamental uncertainty or dollar index shifts. The market is compressing — be prepared for the breakout move.
---
📢 Follow for more clean Elliott Wave + Price Action setups!
💬 Drop your analysis in the comments. Let’s grow together!
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.