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