Gold Breaks Out of Triangle Pattern: Targeting $2,970–$2,980

This chart shows a breakout from a triangle pattern on the 1-hour timeframe for gold (XAU/USD). The breakout has occurred above the resistance of the triangle, indicating potential bullish momentum.

- Resistance Zone: The previous resistance level was around 2,936–2,940, which was tested multiple times before the breakout. Now, this level may act as new support.
- Target: The projected target for this breakout is near 2,970–2,980, aligning with the height of the triangle pattern.

A successful retest of the breakout level could confirm further bullish movement toward the target zone.