Symmetrical Triangle Formation Gold is trading within a triangle pattern, with price approaching a key resistance zone. The top trendline of the triangle is acting as a major resistance, while the bottom trendline provides support. Potential Scenarios
Bullish Case: If price breaks above the minor ascending channel, Gold could test the $2,928-$2,930 zone, potentially aiming for a stronger breakout. Bearish Case: If resistance holds, a rejection could push Gold down to retest the bottom trendline near $2,885-$2,890. Key Levels to Watch
Breakout Above: $2,928 could trigger a bullish continuation. Breakdown Below: $2,900 could indicate a deeper correction.
Final Take: Gold is at a crossroads—will bulls break through resistance, or will bears drag it back down? Stay sharp, as a decisive move is coming soon! 🔥