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 scans for wedges and channels, then marks Entry, SL and TP once a breakout confirms. Link on my profile.
Not financial advice — sharing the indicator's analysis for discussion.
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