GOLD: Bullish Patterns Could Open the Way to 4,850

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XAUUSD A clear bullish continuation structure is forming on Gold. Price first broke out of a broad triangle pattern, then formed a smaller bullish triangle and continued higher. These consecutive breakouts show that buyers are still in control of the market.

After the recent rally, Gold is now returning for a retest, creating a familiar sequence: breakout, retest, then continuation higher. This pause could allow price to rebuild support before the next bullish move begins.

If buying pressure breaks above the current consolidation, I expect Gold to continue higher toward:

🎯 4,690
🎯 4,755
🎯 4,850

Until the next breakout is confirmed, patience is key—no breakout, no trade.

The bullish structure remains intact, and expectations are building for another strong expansion higher.

Penafian

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