Gold (XAUUSD) - Bearish Breakout from Triangle Pattern | BreakOut
Technical Analysis: On the 1-hour timeframe, Gold (XAUUSD) has formed a symmetrical triangle pattern, indicating price consolidation and reduced volatility. Recently, price action confirmed a bearish breakout below the triangle's lower trendline, suggesting a shift in momentum to the downside. The measured move technique has been applied to project the downside target, which aligns with the 3,158.27 level.
Entry: Break and retest below the triangle.
Stop Loss: Above the triangle resistance (~3,270).
Take Profit Target: 3,158.27 (based on pattern projection).
Risk-to-Reward Ratio: Favorable setup with clear invalidation.
Fundamental Context: From a macroeconomic perspective, ongoing U.S. dollar strength, supported by robust economic data and potential Fed tightening, has added downward pressure on gold prices. Additionally, reduced geopolitical tensions have limited safe-haven demand, contributing to bearish sentiment in precious metals.
Trend Outlook: The short-term trend is bearish following the breakout. Traders should monitor momentum and volume for confirmation of continuation. A failure to hold below the breakout zone could invalidate the setup.
Technical Analysis: On the 1-hour timeframe, Gold (XAUUSD) has formed a symmetrical triangle pattern, indicating price consolidation and reduced volatility. Recently, price action confirmed a bearish breakout below the triangle's lower trendline, suggesting a shift in momentum to the downside. The measured move technique has been applied to project the downside target, which aligns with the 3,158.27 level.
Entry: Break and retest below the triangle.
Stop Loss: Above the triangle resistance (~3,270).
Take Profit Target: 3,158.27 (based on pattern projection).
Risk-to-Reward Ratio: Favorable setup with clear invalidation.
Fundamental Context: From a macroeconomic perspective, ongoing U.S. dollar strength, supported by robust economic data and potential Fed tightening, has added downward pressure on gold prices. Additionally, reduced geopolitical tensions have limited safe-haven demand, contributing to bearish sentiment in precious metals.
Trend Outlook: The short-term trend is bearish following the breakout. Traders should monitor momentum and volume for confirmation of continuation. A failure to hold below the breakout zone could invalidate the setup.
交易進行
Trade Active:Sell position activated at $3,226 following Triangle breakdown. Monitoring price action toward target$3,260.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。