We are officially in price discovery.
🔱 Gold has broken out of its multi-decade consolidation range and closed above the previous highs with conviction.
💰 $3,500 is now within reach — a major extension target sitting at the 2.618 Fibonacci level.
🟨 The yellow zone was the key resistance area that capped price action for nearly 13 years — now acting as a powerful base for potential continuation.
📊 This chart is a reminder: when historical resistance gives way, it’s not just a breakout — it’s a paradigm shift.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.