Symmetrical Triangle on XAUUSD ! opportunity at sightGOLD / U.S. DOLLARFX_IDC:XAUUSDXAUUSDANALYST Long-Term Direction Gold has been moving up strongly, but for the past few months, it’s been going sideways, squeezed between two lines that form a triangle shape. When prices move like this, it’s called a “symmetrical triangle,” and it’s like a spring being compressed; usually, it’ll eventually break out with a strong move in one direction. Because the price moved up strongly before getting stuck in the triangle, there’s a better chance it could keep going up, but it’s not guaranteed. Only when the price goes above the top line of the triangle and stays there should one expect a longer-term upward trend. If it falls below the bottom line, that could mean gold starts heading down instead. Short-Term Direction -Gold is stuck in a tight range and could burst out of this range soon. Until then, the price will likely keep swinging between the two sides of the triangle, not making any big moves. - If the price goes above the top line and closes there for the day, it’s a sign that gold is likely to go higher. - If the price falls below the bottom line and closes there for the day, it’s a sign that gold could drop further and selling could speed up. In short, gold is at a crossroads—soon it could make a big move up or down, and the direction will become clear only once it breaks out of this triangle pattern.