Gold is consolidating within a well-defined symmetrical triangle on the 1H timeframe, suggesting volatility compression before the next directional move.
Key Levels:
Resistance: 4060–4065
Breakout Confirmation: Above 4065
Next Upside Targets: 4085–4100, then 4160–4190
Support: 4025–4030
Breakdown Confirmation: Below 4025
Downside Target: 3980–3990
The current structure favors waiting for a confirmed breakout or breakdown rather than anticipating the move. A decisive close outside the triangle should provide the next trading opportunity.
Key Levels:
Resistance: 4060–4065
Breakout Confirmation: Above 4065
Next Upside Targets: 4085–4100, then 4160–4190
Support: 4025–4030
Breakdown Confirmation: Below 4025
Downside Target: 3980–3990
The current structure favors waiting for a confirmed breakout or breakdown rather than anticipating the move. A decisive close outside the triangle should provide the next trading opportunity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.