#XAUTRYG is currently appearing to be in a consolidation zone. As illustrated, it may be forming a triangle pattern. Once the internal waves of the triangle are completed, a new upward move could follow.

On the daily timeframe, the uptrend remains intact. As long as there is no daily close below 5903, the bullish outlook continues.

If the 7832 resistance level is broken, the next resistance zones to watch are 8740 and 10049.

$XAU

XAUUSDT

Perp

5,118

-0.67%