XAUUSD: The Bullish Dragon Awakens GOLD / US DOLLARPYTH:XAUUSDSmartEdgeTrading On this chart, gold (XAU/USD) sketches a classic Bullish Dragon—a reversal pattern whispering that bears are losing their grip. The pattern’s anatomy is clear: two deep lows forming the “legs,” a corrective peak as the “hump,” and now, the breakout thrust aiming skyward. Entry sits just above the dragon’s back, near 3,383, signaling that the market is coiled for a bullish leap. The targets ahead—3,410 and 3,438—stand like twin summits, waiting for the climb. Below, the stop zone near 3,352 guards against failure, anchoring risk in a turbulent sea. Continuation or Rejection? Continuation Scenario: If price holds above the breakout line, momentum can ignite a rally toward 3,410 first, then 3,438, confirming the dragon’s strength. Rejection Risk: A slip back under 3,352 would slay the pattern, sending gold tumbling toward 3,335 or lower. With Trump’s recent dovish stance and push for rate cuts, real yields shrink, and gold gleams brighter as a refuge. This macro wind supports the dragon’s wings—policy favoring liquidity often fuels precious metal rallies. Literary Verdict: The dragon breathes optimism, its path paved by softer monetary tones. If the macro breeze stays warm, expect golden skies above 3,438.