XAU/USD Analysis – Critical Breakout Zone Approaching 30M ChartGoldOANDA:XAUUSDAllyPipsExpert📈 XAU/USD Analysis – Critical Breakout Zone Approaching (30-Minute Chart) 🔍 Technical Overview: Chart Type: 30-minutes Indicators: Ichimoku Cloud Key Structures: Supply & Demand Zones, CHoCH, BOS, Trendlines, Triangle Formation 🔑 Key Market Observations: 🟢 Demand Zone (Support) ~ $3,300 – $3,310 This area has been tested multiple times and has shown strength in absorbing selling pressure. A bullish triangle formation is converging into this zone, suggesting a potential breakout point is near. 🔴 Supply Zone (Resistance) ~ $3,375 – $3,390 Repeated price rejection from this zone marks it as a strong institutional-level resistance. Price needs a clean breakout and volume confirmation to push through this level. 📉 Break of Structure (BOS) & Change of Character (CHoCH): BOS and CHoCH levels are clearly marked, showing a trend shift from bullish to bearish (post-supply test). The last CHoCH aligns with a lower high, reinforcing bearish dominance unless invalidated. 📐 Symmetrical Triangle Formation: Price is squeezing between higher lows and lower highs, coiling before a significant breakout. Two scenarios are outlined: Bullish Breakout: Clear move above triangle resistance → test of supply. Bearish Breakout: Breakdown → revisit demand zone or even drop toward $3,280–$3,270. ☁️ Ichimoku Cloud: Price is currently testing the lower boundary of the Ichimoku cloud. A bullish breakout into/above the cloud may act as confirmation of a reversal attempt. 💡 Potential Trade Setups: ✅ Bullish Case: Trigger: Break and close above $3,335 with volume. Target 1: $3,375 (Supply Zone) Target 2: $3,440 (Extended Target) Invalidation: Rejection from triangle top and close below $3,310. ❌ Bearish Case: Trigger: Break and close below $3,310 (triangle breakdown). Target 1: $3,280 Target 2: $3,260 Invalidation: Bullish breakout of triangle and flip of previous CHoCH level.