Gold Breaks Triangle Structure - Possible Rebound Toward 4,800$

2 days ago

Hello traders! Here is my technical outlook based on the current XAUUSD (4H) chart structure. Gold previously traded within a range, showing consolidation before breaking down and confirming bearish pressure. After the drop, price found a bottom and initiated a recovery, forming an ascending channel.Currently, the price is holding above the 4650 buyer zone, which acts as a strong support, approaching the 4800 resistance level (seller zone). At the same time, we are seeing a break of the triangle structure, which indicates buyer interest and bullish bias. A potential bounce from the 4650 zone could push the price to the 4800 resistance level (TP1). Please share this idea with your friends and click Boost 🚀

15 hours ago

Trade active

So far, I see on the chart that after a slight drop, the price has currently begun a consolidation phase before the next move. We are watching!

LegionQ8

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LegionQ8

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