XAUUSD Long Gold vs US Dollar XAUUSD – Falling Wedge Breakout Setup | H1 🪙
XAUUSD – Falling Wedge Breakout Setup | H1 🪙 Gold printed a clean sweep of lows at 3,948–3,970 after the aggressive breakdown from 4,371 , and has since been building a falling wedge structure off that bottom — a classic compression before expansion. Price is now pushing into the 4,033–4,072 support zone while simultaneously testing the wedge's upper trendline. Two confluences meeting at the same level is not something you ignore. Key Levels: 🟦 Resistance Zone: 4,265 – 4,286 🟩 Support Zone: 4,033 – 4,072 ← price testing now 📍 Current Price: 4,071 Bias: Bullish reversal — wedge breakout + support hold Target: 4,265 – 4,286 resistance zone Invalidation: H1 close below 3,960 The structure and levels were plotted automatically by Breakout Pattern Setup [Aurex] — an indicator I built that
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