Is Gold Ready to Break Out from 5-Month Consolidation?Gold / U.S. DollarFOREXCOM:XAUUSDFOREXcomGold has remained in a consolidation phase since April 2025, following its record high of 3500, trading within a narrowing range between 3450 resistance and 3260 support. With tariff-related news easing, price action has softened slightly but continues to hold within the consolidation zone near 3350, awaiting confirmation from the CPI print to either reinforce dollar weakness and rate cut expectations or reverse the current narrative. Technically, a clean hold above 3400 and 3450 could extend the rally beyond the 3500 record, toward the 3780 level first, and the 4000 checkpoint second. To the downside, a close below 3260 would open further risk toward 3130 and 2980, potentially offering another long-term accumulation zone. Written by Razan Hilal, CMT