Gold - Triangle Squeeze Before the Next Major Move

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Gold - Triangle Squeeze Before the Next Major MoveGoldOANDA:XAUUSDisahebdadiGold is currently consolidating inside a symmetrical triangle, right after a massive bullish rally. This compression pattern typically precedes a strong breakout — and based on market structure, the bullish scenario is more probable. Bullish Scenario (Primary Outlook) If price breaks above the triangle resistance and confirms: Targets (Bullish): $4,250 $4,380 $4,500 (extended target) Stop Loss (for long position): •$3,940 (Below triangle support + below 50-day SMA) Bearish Scenario (Alternative) If gold loses triangle support: Targets (Bearish): $3,950 $3,880 $3,800 (major support) Stop Loss (for short position): •$4,120 (Above triangle resistance) Summary Gold is tightening inside a symmetrical triangle and preparing for a decisive move. Trend bias remains bullish, and a breakout could send XAUUSD toward new highs above $4,400.