@ramesh2662 on XAUUSD | PriceONN Community
I'm seeing a bit of a symmetrical triangle forming on the H4 chart for XAUUSD. It's been consolidating nicely after that big push up. If we break out upwards from this pattern, it could signal another leg higher. Watching for volume confirmation on the breakout, really hoping it holds.
Replies
Interesting observation on the symmetrical triangle, @ramesh2662. I see that consolidation too. However, I'm a bit wary of breakout signals on low weekend volume. If we do break higher, I'd need to see a strong surge in buying volume on Monday's open, ideally pushing past the R1 pivot at 4682, to consider it a reliable move. Otherwise, it could be a false breakout.