Gold in a Compression Triangle – Breakout or Bull Trap?

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Gold is forming an ascending triangle around 5,100.
Higher lows are building pressure against horizontal resistance.

Momentum is slightly bullish as price trades above the moving average.

Short-Term Outlook

Bullish Breakout:

If price holds above 5,120:

Targets:
• 5,200
• 5,300
• 5,380

Stop Loss:
Below 5,030

Fake Break / Breakdown:

If price drops below 4,980–5,000:

Targets:
• 4,900
• 4,820
• 4,700

Stop Loss:
Above 5,150

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