15-minute (15M) analysis of XAU/USD (Gold vs. USD) with a "W" paHere's a breakdown:
W Pattern Formation: A bullish reversal pattern has been identified.
Entry Point: The price has broken above the resistance zone, confirming the pattern.
Stop-Loss (SL): Placed below the recent low at 2,985.73.
Take Profit (TP) Targets:
TP1: Around 2,994 (Resistance R1).
TP2: Around 3,002.02 (Resistance R2 & All-Time High).
The projected path suggests a breakout and retest of Resistance R1 before pushing towards TP2.
Long