Gold Daily Chart – Ascending Triangle Breakout!

437
Gold has formed a strong ascending triangle pattern on the daily timeframe. The price has successfully broken above the resistance zone, confirming bullish momentum. Such patterns generally indicate continuation of the uptrend, especially when supported by volume and strong price action.

Chart Observation:
  • As long as price holds above 3,450, the bullish setup remains valid.

  • A retest of the breakout zone can provide the best risk-to-reward entry opportunity.

  • Traders should keep an eye on volume confirmation while entering trades.

Note: If levels sustain and setup remains intact, I will share live trade updates in real time. Stay tuned.

Disclaimer: This analysis is for educational purposes only. Please do your own research or consult your financial advisor before taking trades.

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.