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Gold Spot / U.S. Dollar
Long
Updated

Lingrid | GOLD Market COMPRESSION: Coiling Up Before BREAKOUT

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XAUUSD is forming a potential triangle pattern after bouncing from support near 3,220, where multiple key levels converge. The price is holding above the short-term upward trend-line, showing signs of compression. If buyers defend this area again, we could see a breakout toward the 3,380 resistance. Until then, the pair remains in a consolidation phase.

📈 Key Levels
  • Buy zone: 3,280 – 3,290
  • Buy trigger: bounce from trend-line
  • Target: 3,380
  • Sell trigger: break below 3,280 with confirmation

💡 Risks
  • Gold remains sensitive to USD news — strong data can limit upside.
  • A sudden break of the triangle base may shift bias to bearish.
  • Volatility expected ahead of key macro releases this week.


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snapshot
Gold is trading inside a contracting triangle after forming a clear double top at resistance. Price has pulled back to test the support zone around 3270, which also aligns with an upward trend-line. If bulls hold this zone, a bounce toward the 3350 resistance looks likely. Until then, the market remains in a wait-and-see mode inside the narrowing structure.
Lingrid
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siganlprovidersignalssignalserviceTrend Analysis
Lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi

🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid

🌎WebSite: lingrid.org
Also on:

Related publications

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.