Technical Analysis
Price is compressing inside a large symmetrical triangle that has been building since mid-April: higher swing-lows meet lower swing-highs, keeping volatility bottled up. The latest test of the rising base (≈ 3 270) held firmly, and we’re now mid-range, eyeing a break through the upper trend-line (~ 3 360).
Pattern: Symmetrical triangle (continuation bias).
Bullish trigger: 2-H close above 3 360 opens room to the measured-move target 3 470 (height of pattern added to breakout).
Key support / invalidation: 3 270 – a clean break below negates the setup.
Interim resistance: 3 400, 3 430.
Risk-to-reward: ~1 : 2 from a breakout entry with a stop below 3 270.
Fundamental backdrop
Dollar drift: DXY has softened as markets price a shallower Fed path and a possible mid-year pause, easing headwinds for bullion.
Real-rate stall: US 10-y real yields are stabilising under recent highs, removing downward pressure on non-yielding assets.
Macro anxiety: Persistent geopolitical noise and patchy global PMI prints keep haven demand simmering.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
Bias & plan
While inside the triangle we remain neutral-to-constructive; a confirmed topside break turns the short-term trend bullish toward 3 470. Close below 3 270 shifts the bias to neutral/bearish.
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
Price is compressing inside a large symmetrical triangle that has been building since mid-April: higher swing-lows meet lower swing-highs, keeping volatility bottled up. The latest test of the rising base (≈ 3 270) held firmly, and we’re now mid-range, eyeing a break through the upper trend-line (~ 3 360).
Pattern: Symmetrical triangle (continuation bias).
Bullish trigger: 2-H close above 3 360 opens room to the measured-move target 3 470 (height of pattern added to breakout).
Key support / invalidation: 3 270 – a clean break below negates the setup.
Interim resistance: 3 400, 3 430.
Risk-to-reward: ~1 : 2 from a breakout entry with a stop below 3 270.
Fundamental backdrop
Dollar drift: DXY has softened as markets price a shallower Fed path and a possible mid-year pause, easing headwinds for bullion.
Real-rate stall: US 10-y real yields are stabilising under recent highs, removing downward pressure on non-yielding assets.
Macro anxiety: Persistent geopolitical noise and patchy global PMI prints keep haven demand simmering.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
Bias & plan
While inside the triangle we remain neutral-to-constructive; a confirmed topside break turns the short-term trend bullish toward 3 470. Close below 3 270 shifts the bias to neutral/bearish.
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
交易進行
Update: Buy Entry ActivatedPrice has broken upward from the symmetrical triangle formation, confirming the bullish setup. Buy entry is now active with upside potential toward the target zone at 3,470.
Entry: 3,322
Target: 3,470
Stop Loss: Below 3,270
Status: Trade Active – Bullish Bias Confirmed
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