- February 12, 2026
- Posted by: EWGFX
- Category: Technical analysis
Gold (XAUUSD) – 15M Ascending Structure with Bullish Breakout Setup
Gold is currently trading inside a short-term compression structure following a strong impulsive move upward. Price action has formed a rising wedge/ascending triangle within a broader bullish channel, suggesting accumulation before the next expansion.
Market Structure
Higher lows maintained inside ascending trendlines
Compression toward the apex of the triangle
Repeated rejections from the 5,080–5,100 resistance zone
Key Levels
Resistance: 5,100 → 5,135 (major supply zone)
Breakout Target: 5,155–5,160Support: 5,060 → 5,050
Major Support: 5,000 psychological level
Bullish Scenario
A confirmed breakout above 5,100 opens the path toward the 5,135 supply zone. Sustained momentum above that area could trigger continuation toward 5,155+.
Bearish Scenario
Failure to hold 5,060 support may lead to a sweep of 5,050 liquidity and potentially a deeper retracement toward 5,000.
Volume expansion and strong candle closes outside of the compression will be key for confirmation.