XAUUSD Short Gold vs US Dollar XAUUSD (Gold) M15 Breakdown: Symmetrical Triangle Breakdown & Bearish Retest Setup
Gold is showing a clean technical continuation pattern on the 15-minute timeframe following a period of consolidation. Below is a breakdown of the structural setup and key levels to monitor: Technical Analysis Pattern Breakout: Price has been coiling inside a Symmetrical Triangle Pattern following a sharp drop. It recently broke through lower support near the $4,395 level. Support Flip: The region between $4,415 – $4,425 previously served as major support. With the recent breakdown below the triangle's rising boundary line, this area now reinforces a strong overhead resistance zone. Price Projection: The projected path indicates a retest of the broken lower trendline/resistance zone near $4,395 before a potential continuation lower toward the $4,350–$4,360 target zone. Potential Short