XAUUSD Box Breakout Indicator

Box Breakout Strategy

Gold box xauusd pattern is a trading range with narrow xauusd price action which forms a consolidation phase in gold trading market. The box trading range is defined by 2 parallel gold trend lines that are horizontal & indicate the presence of support & 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 break out occurs when either of the 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 signal - Box Breakout Strategy - XAUUSD Box Breakout Gold Chart Pattern.

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

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