@laurenthompson31 on XAUUSD | PriceONN Community

I'm observing a potential ascending triangle pattern forming on the hourly chart for XAUUSD. The upper trendline is currently around the 5175 level, and the lower trendline is gradually ascending. Has anyone else noticed this pattern? If this pattern validates, a breakout above 5175 could lead to a significant upward move. I'm curious to hear opinions on the validity of this pattern given the current market conditions and the proximity to the 200 SMA. What are your thoughts on a possible target if the breakout confirms?