Gold (XAU/USD) Technical Analysis – Daily Timeframe

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Gold (XAU/USD) Technical Analysis – Daily TimeframeGOLD (US$/OZ)TVC:GOLDisahebdadi🔹 The chart shows the formation of a symmetrical triangle. Price is consolidating within a tight range, indicating a potential breakout soon. ✅ Bullish Scenario: •Break and close above the 3400–3420 zone •Targets: 3600, followed by 3700–3800 USD ❌ Bearish Scenario: •Break below the triangle support around 3300 •Corrective targets: 3200, followed by 3000 USD 📌 The 50-day moving average is positioned below the current price, acting as a dynamic support, which increases the likelihood of a strong bullish breakout.