🚨 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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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.