XAUUSD Box Breakout Indicator

Box Break-out Strategy

Gold box pattern is a range with narrow price action which forms a market consolidation period in gold trading market. The box trading range is defined by 2 parallel trend lines that are horizontal & indicate the presence of support & resistance.

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

A break out occurs when either of the trend line is penetrated and the range is broken - Box Break-out Strategy - XAUUSD Box Breakout Chart Pattern - XAUUSD Box Breakout Indicator.

An upside breakout is a buy signal - Box Break-out Strategy - XAUUSD Box Breakout Pattern.

A downside breakout is a sell signal - Box Break-out Strategy - XAUUSD Box Breakout Pattern.

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