Gold has been consolidating within a symmetrical triangle formation, defined by a descending resistance trendline and an ascending support trendline. This compression followed the strong bullish impulse that preceded it.
Price repeatedly respected the Buy Zone highlighted in green, showing consistent demand and strong reactions from buyers each time price tapped into this area.
After the final retest of the support trendline, the price broke out aggressively to the upside, confirming a bullish continuation pattern. The breakout has since extended into a strong rally, with the price now targeting higher psychological levels.
Key technical levels include:
This structure indicates a classic bullish continuation where consolidation inside the triangle served as accumulation before the next impulsive move.
Price repeatedly respected the Buy Zone highlighted in green, showing consistent demand and strong reactions from buyers each time price tapped into this area.
After the final retest of the support trendline, the price broke out aggressively to the upside, confirming a bullish continuation pattern. The breakout has since extended into a strong rally, with the price now targeting higher psychological levels.
Key technical levels include:
- 4,035 – 3,999: Buy Zone / High-value demand area
- 4,380: Previous major resistance
- 5,000 – 5,100: Next major psychological targets following the breakout
This structure indicates a classic bullish continuation where consolidation inside the triangle served as accumulation before the next impulsive move.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.