Gold could break above resistance

In my Monday analysis of XAUUSD , I emphasized the continuity of the medium-term bullish trend. However, to solidify this assessment, a decisive break above the resistance level within the consolidation was deemed necessary.

Over the subsequent days, the price exhibited a contained range between established support and resistance levels. Notably, there was discernible upward pressure from the bulls, and an ascending triangle took shape on lower time frames.

To confirm the bullish outlook, a clear breakthrough above the 2050 level is crucial, as previously mentioned. The associated price target for this pattern stands at 2080. My bullish sentiment remains valid as long as the price of XAUUSD stays above the support line of the triangle.