๐บ #GOLD (XAU) โ Symmetrical Triangle = Big Move Loading
Gold is compressing inside a symmetrical triangle, signaling growing tension and market indecision โ๏ธ
A breakout is coming โ the only question is direction.
๐ Whatโs supporting Gold?
โข Weak US labor data (ADP, JOLTS, Jobless Claims) โ fuels expectations of 2 Fed rate cuts this year
โข Rising geopolitical risk (USโIran talks) โ boosts safe-haven demand
๐ Whatโs holding it back?
โข Global capital rotation into the US Dollar
โข ECB & BoE easing โ USD strength continues to pressure Gold
โ ๏ธ Bottom line:
The recovery attempt looks fragile. Fundamentals support Gold, but the dollar remains the main headwind.
๐ Key Levels to Watch
๐ด Resistance: 4901 โ 5021 โ 5100
๐ข Support: 4811 โ 4751 โ 4670
๐ง My View:
Before any real breakout, price is likely to sweep liquidity near 4812.
โข Close above 4901 โ bullish continuation toward 5000+ ๐
โข Fail at 4812 โ price stays trapped in triangle (choppy range / flat market)
โณ Compression never lasts foreverโฆ
The breakout will reward patience โ not prediction.