gold analysis for next week
Market structure:
Clear downtrend (series of lower highs + descending trendline still respected). Current pattern:
Price is compressing into a symmetrical triangle right at ~4610 support/resistance flip zone. Key levels: Support: ~4590–4600 Resistance: ~4635–4650 (triangle top + trendline) Major target zone above: ~4725 Scenarios: Bullish: Break + hold above triangle & trendline → momentum push toward ~4700–4730 Bearish: Rejection here → continuation of overall downtrend → retest 4550 → possibly lower Bias:
Neutral → waiting for breakout confirmation (trend is bearish, but structure is coiling). Smart takeaway:
No edge inside the triangle — trade the breakout, not the guess.
0 
