@chukwudi6660 on XAUUSD | PriceONN Community
C
Observing a potential ascending triangle forming on the H4 chart for XAUUSD. We've seen consistent higher lows, suggesting building bullish pressure. The resistance around 5340 has been tested multiple times but hasn't broken decisively yet. A confirmed breakout above that level, with good volume, could signal a significant move towards 5380-5400. However, a failure to break through and a drop below 5290 would invalidate the pattern and suggest a retest of lower support levels. Watching closely for confirmation before committing to a trade.