Gold Price has Scenario setup what should Next ?

3 日前

Gold continues to record new highs each day, trading firmly above the historic 4,000 mark, as investors seek safe-haven assets amid rising economic and political uncertainties. Once the price crosses the 4,045 level, we could see an early move toward 4,065.

Technical Outlook:
From a technical perspective, the price structure suggests that if gold closes above 4,045, it would confirm the completion of a triangle pattern, potentially supporting a continuation of the uptrend. However, traders should remain cautious, as buying at these elevated levels carries higher risk.

If the breakout holds, the short-term support level is seen around 4,020, while the long-term support remains near 4,000. A failure to hold above 4,045 could trigger a short-term pullback toward these support zones.

You may find more details in the chart.
Trade wisely best of Luck.

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