XAUUSD 4H Chart - Symmetrical Triangle Breakout Trade Setup

2 Haz

XAUUSD (Gold Spot vs. USD) 4-hour chart a symmetrical triangle pattern forming after a consolidation phase. This pattern is typically neutral but can lead to a breakout in the direction of prevailing momentum.

Entry Zone:

Buy Entry: On confirmed breakout above the upper resistance trendline (around 3,351–3,340 USD).

Confirmation: Look for a strong bullish candle close above the triangle with increased volume and a break above recent highs.


Target Points:

Target 1: ~3,420 USD

Target 2: ~3,500 USD
(Measured using the height of the triangle projected from the breakout point)


Stop Loss:

Just below the breakout candle low or below the last swing low (~3,280–3,300 USD), depending on your risk tolerance.


Risk-Reward Ratio:

R:R ~1:2 to 1:3, depending on exact entry and stop levels.


Indicators Used:

Ichimoku Cloud shows early support and a potential bullish trend.

Chart pattern trendlines indicate compression before potential breakout.


Trade Setup Summary:

Pattern: Symmetrical Triangle

Bias: Bullish breakout

Entry: On breakout above resistance

TPs: 3,420 and 3,500

SL: Below 3,300

2 Haz

İşlem aktif

trade active

5 Haz

Not

Entry 3340 running profit 530+ pips running wait for more buy

5 Haz

İşlem kapandı: durdurma seviyesi

entry from 3351-3340
Target 3420
gold touch 3403 secured 630+ pips
now close Gold