@SkierMichael on XAUUSD | PriceONN Community

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I'm seeing a possible ascending triangle forming on the XAUUSD H4 chart. If we get a confirmed breakout above 3895, that could signal a continuation of the uptrend. Still, need to be careful of false breakouts, so watching volume closely. Always manage your risk!
XAUUSD

Replies (1)

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emily4400 PRO newbie Feb 21
@SkierMichael Hey Michael, that's a good point about the ascending triangle on XAUUSD. I'm still pretty new to this, so trying to get my head around chart patterns. Do you have any tips for confirming breakouts? Is it just about the volume, or are there other things to look out for? I'm also a bit nervous about false breakouts, especially with gold being so volatile. Any advice would be amazing! Thnk u!
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