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Gold is coiling tightly within a symmetrical triangle on the 5-minute chart, pressing against key support around 3,352. Price action is compressing between a rising trendline and descending resistance — indicating an imminent breakout.⸻📍 Key Levels:•Support: 3,352-3,350 zone – defending so far.•Resistance: 3,360-3,366 area – repeated rejection above.⸻🔎 What I’m Watching:✅ Break below the rising trendline could trigger a quick drop toward 3,340 and possibly 3,333.✅ Break above the descending trendline may fuel a rally back toward 3,366-3,370.🕒 Timing matters: volume is building as price nears the apex — be ready for a spike in volatility.⸻📌 Plan:•Wait for a clear 5M candle close outside the triangle for confirmation.•Set alerts at 3,349 and 3,362 to catch the breakout early.•Manage risk tightly – false breakouts are common in squeeze patterns.⸻💬 How are you trading this setup? Drop your thoughts below ⬇️ and let’s discuss!

Gold (XAUUSD) is pressing deep into key daily support around $3,275 after a sharp drop from the $3,450s. The daily trendline that’s defined this bullish run since January is now being tested for the first time in months, signaling a possible structural shift.On the Daily chart, price has decisively broken below the mid-range of the recent consolidation box and is holding near trendline support.On the 4H and 1H, bearish impulsive waves have formed clear lower highs and lower lows, with the current move stalling at the support zone around $3,265–$3,275.The 23M chart shows tight consolidation just above this support area, suggesting a potential breakdown if sellers stay in control.📌 If this level gives way, watch for price to move quickly toward the next major support near $3,150–$3,200. Bulls must reclaim $3,300+ and break above the descending trendline to flip the bias back to bullish.🚨 Current Bias: Bearish below $3,300; watching for confirmation of breakdown or strong reversal signals.

Gold remains bullish on the higher timeframes, holding a long-term ascending trendline from the daily.However, price action has respected a clear horizontal resistance zone around 3392, forming a multi-tap ceiling.On lower timeframes, we’re seeing a series of higher lows, suggesting buyers are still stepping in — but without clean breakouts, the market remains range-bound between 3345 and 3392.⸻🧠 Bias:Neutral-Bullish– Price is coiling into the triangle– A breakout above 3392 could open doors toward 3450– But if we fail to hold the rising trendline, a deeper pullback toward 3294 is likely⸻🎯 Trade Ideas:📌 Break & Retest above 3392 = bullish continuation📌 Break below trendline = short toward 3345 / 3294⸻⚠️ Key Levels to Watch:•Resistance: 3392 → 3450•Support: 3345 → 3294•Daily Trendline Support (in play)⸻💡 Gold is compressing — breakout incoming. Watch the reaction at 3392 for directional clarity.

Gold is currently testing a major 1D resistance zone at 3432–3450 after a strong bullish move.•1D Chart: Price has rallied back into the resistance zone after bouncing from ascending trendline support.•4H Chart: Strong momentum candle broke through the prior 4H resistance zone at ~3360, confirming bullish pressure.•1H & 23m Chart: Price is holding within a bullish channel, but showing signs of consolidation under key resistance.Key Zones:•Support: 3380 / 3360•Resistance: 3432–3450Bias: Bullish above 3360. Needs daily close above 3450 for continuation.

Gold is currently testing a key confluence zone around $3,020, where 1H horizontal support, a 23m bullish trendline, and the descending trendline resistance (now retested) are all intersecting.Price action is showing signs of holding this level after a retest and rejection wick, suggesting potential for bullish continuation. MACD is also beginning to flatten after a recent bearish move, signaling possible momentum shift.Trade Idea:•Entry: Around $3,020–$3,022 (if price confirms support and rejection)•SL: Below $3,015 (beneath recent structure & trendline break)•TP1: $3,032•TP2: $3,038 (previous high)Confirmation Required:Wait for bullish engulfing or strong rejection candle at this zone on the lower timeframe (e.g., 15m or 23m) before entry.Bias:Bullish – as long as $3,015 holds and volume supports a bounce.

Overview:Gold is currently showing signs of consolidation after a strong bullish push. The market is at a decision point, and I’m expecting a potential retracement before the next move. My bias is bullish in the long term but waiting for confirmation before entering.⸻🔑 Key Levels to Watch:📌 Daily Support (2953) - Strong S/R level, expecting a retest before continuation.📌 4H Support (2925) - If price rejects this zone, it confirms bullish strength. A break below may lead to a deeper correction.📌 1H Consolidation Zone - Price is ranging, with sellers holding control at the top of the range. A breakout is needed for clearer direction.⸻📝 Market Observations:✅ Daily Chart: Price has broken key resistance and is now looking for a retest. The previous impulse leg suggests a retracement to build liquidity before continuing higher.✅ 4H Chart: Momentum is slowing down, with the MACD flattening and the EMAs tightening. A break and close below 2925 would indicate a possible shift in trend.✅ 1H Chart: Price is consolidating with wicks forming at the top, showing signs of bearish pressure. EMAs are flattening, and the 9 EMA is close to crossing downward, which could signal a sell-off before the next bullish move.⸻📉 Bearish Scenario:•If 2953 fails to hold, I’ll look for a deeper retracement to 2925.•A break and close below 2925 would indicate further downside potential.📈 Bullish Scenario:•If 2953 holds, I’ll wait for bullish confirmation and enter long on the second bullish candle.•If price breaks below but quickly reclaims 2953, this would be a liquidity grab, and I’ll look for a strong bullish entry.⸻⚠️ London Session Considerations:•London open can create fake moves, so I’m waiting to see how price reacts before committing.•If price makes an early push against the trend (i.e., breaks higher before dropping), this could be a liquidity grab for a short-term sell before a buy setup forms.⸻📊 Trading Plan:•Watching 2953 for rejection or break.•If confirmed, I’ll take a buy targeting new highs.•If broken, waiting for 2925 to confirm further downside or re-evaluate for shorts.

If price rejects 2915 with strong bearish engulfing on 15m, enter short.