XAUUSD M5–M15 – Falling Wedge Breakout + W Bottom: Is 4045 Next?

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XAUUSD M5–M15 – Falling Wedge Breakout + W Bottom: Is 4045 Next?Gold vs US DollarIC:XAUUSDBella40Gold broke out of a falling wedge this afternoon after a sweep below 4005, and a double bottom (W) is forming on M15. 🔺 Bullish case: a closed M15 candle above the W neckline opens ~4030 (London open / range resistance), and the measured target is ~4046. My drawing shows a possible pause near 4030 before continuing. 🔻 Invalidation: a close back below 4005 (the pattern’s dead level) cancels it. ⚠️ Context: the H4 trend is still down, so this is a counter-trend move. I take profits early and keep my stop at break-even. Levels and the W pattern are drawn with my free Pattern Chief Lite indicator. More of my free tools and ideas on my profile. Not financial advice. Trade your own plan and manage your risk.