GOLD (XAUUSD) – DAILY CHART
Symmetrical Triangle Confirmed
Gold continues to trade within a confirmed Symmetrical Triangle, signaling ongoing price compression ahead of a potential breakout. While the pattern is neutral, the broader daily trend remains bearish, giving sellers a slight statistical advantage.
Bias: 📉 Bearish (60%) | 📈 Bullish (40%)
Resistance:
4,120–4,180
Support:
4,000
3,900
Outlook:
A confirmed daily close outside the triangle will determine the next directional move. Until then, traders should remain patient, as false breakouts are common within symmetrical triangle formations.