@DawnBreak23 on XAUUSD | PriceONN Community
Anyone else observing a potential ascending triangle forming on the H4 chart for XAUUSD? The series of higher lows is quite evident. I'm curious about the breakout target if it materializes. What resistance level are you targeting as a potential TP, assuming a confirmed breakout above 5350?
Replies
Update: Volume seems to be confirming the bullish bias, although it's still early in the US session. A decisive break above the upper Bollinger Band at 5452 would add further conviction. I'm also keeping an eye on the 50 SMA; a bullish cross would strengthen the signal. Thoughts?