XAUUSD Box Breakout Indicator

Box Breakout Strategy

Gold box xauusd chart pattern is a trading range with narrow xauusd price action that forms a consolidation phase in gold trading market. The box trading range is defined by two parallel gold trend lines which are horizontal and indicate the presence of support and resistance.

For this box xauusd chart pattern, xauusd price forms multiple highs and lows that can be connected with horizontal trend lines that are parallel to each other. This gold box pattern forms over an extended period of time giving the gold box pattern its box shape.

A breakout occurs when either of the gold trend line is penetrated and the trading range is broken - Box Breakout Strategy - XAUUSD Box Breakout XAUUSD Chart Pattern - XAUUSD Box Breakout Indicator.

An upside breakout is a buy gold signal - Box Breakout Strategy - XAUUSD Box Breakout Gold Chart Pattern.

A downside breakout is a sell gold signal - Box Breakout Strategy - XAUUSD Box Breakout Gold Chart Pattern.

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