This article has been translated from English to Gen Z Slang.
Yo, remember that XAU/USD symmetrical triangle we’ve been peeping for a hot minute? 👀
The shiny bling just popped off through its long-term triangle resistance and might be ready to throw a rager with another epic run. 💥
But like, how high can this flex get?
Gold (XAU/USD): 4-hour
Gold (XAU/USD) 4-hour Chart by TradingView
Gold's cashing in on them safe-haven vibes, yeeting past its triangle resistance on the 4-hour chart. Might be gearing up for a rise as tall as the chart pattern itself. 🚀
However, the charts are saying it might hit “pause” real quick since resistance around R1 ($4,281.81) is lowkey holding it back. ⏸️
Is the gold squad plotting to dive back in when prices dip a bit? 🤔
The 38.2% level and the pivot at $4,160.91 are sliding into position, while the 50% Fib might buddy up with that broken triangle top to stand as solid support now. 🛡️Heads up, the market party’s moves and shake-ups are usually fronted by the fundie crew. 🎓 If you haven’t done your homework on gold and the U.S. dollar, peep the economic calendar and stay woke on daily updates! 📅
Watch out for those candlestick vibes suggesting this spot could be the new chill zone for support, possibly boosting XAU/USD back to the top or even hitting those legendary highs near R2 ($4,347.81). 🌟
But hey, keep your eyes peeled for any slippage below those Fib levels and triangle support—could mean the bears are snatching the wheel again or we might just cruise sideways for a bit. 🐻❄️
No matter your trading mood, remember to bring that risk management game and stay aware of them major moves that could rock the vibe.
Disclaimer:
Yo fam, remember that this tech analysis stuff is just here to educate and entertain. Don't take it as gospel trading advice or any kinda bias push. ⚠️ Tech setups might look cool, but they’re just potential hype spots others might peep too. You take care of your trading moves, risk vibes, and what happens after. 💼 Be safe out there. 🚦