XAUUAS Breakout setup

🔰 XAUUSD Breakout Setup

Bias: Bullish

Timeframe: M15

Key Levels:

• Resistance: 4840

• Support: 4800

Setup:

Price is compressing inside a descending triangle after a strong impulse move. Current structure shows higher lows with pressure building at resistance.

Plan:

A clean breakout above 4840 can trigger bullish continuation towards higher levels.

Rejection from trendline may lead to short-term pullback to support.

Note:

Momentum (Stochastic) is turning up, supporting potential breakout