From TradingView · · 50s
Gold Breakout Squeeze Ignites New York Session
Gold price breaks through ascending triangle pattern as New York session opens.
In brief
Gold price breaks through ascending triangle pattern as New York session opens. Gold price broke through ascending triangle pattern during New York session open. Originally reported by TradingView.
New York Session Opens
Gold price enters critical structural bottleneck during New York session.
Ascending Triangle Forms
Price builds chain of higher lows at 4,002.2, 4,009.6, and 4,020.2.
Resistance Levels
Price faces major resistance at 4,032.8 with operational flip zone at 4,034.3, 4,035.6.
R1 Short Entry Voided
1M chart grind-through above 4,030.7 voids R1 short entry.
Current Price Action
Active 17:00 hourly candle hovers at 4,031.90 threatening session high.
Trend Strength Weakens
1H ADX drops to 45.5 as +DI (13.0) and -DI (22.5) compress.
The one thing
Gold price broke through ascending triangle pattern during New York session open.
