Gold has shown a significant breakout from a recent downtrend resistance line on the 4-hour chart. The price action suggests a shift in momentum, but a potential retest of the broken trendline offers a high-probability entry point.
Technical Analysis:
Trendline Breakout Confirmed: The provided chart clearly shows XAUUSD breaking above a descending trendline that...
Gold has been stuck in a tight range since April, and to me, this looks like a textbook accumulation zone forming on the daily chart.
Price is coiling within a defined box, showing signs of both strength and weakness — classic behavior before a manipulative move (fake breakout) followed by distribution (true direction). This is where many traders get trapped,...
