GOLDM: Testing triangle support. Squeeze nears its apex (Weekly)Gold Mini FuturesMCX:GOLDM1!dgupta88Description: MCX Gold Mini is at the lower edge of a tightening triangle on the weekly chart. 📌 The setup A rising trendline connects higher lows since October 2025, with 4 touches. A falling trendline connects lower highs since March 2026, with 3 touches. Together they form a symmetrical triangle, and price is getting close to the apex. Price has now pulled back to the rising trendline support after another rejection at resistance. The range keeps getting narrower, so a strong directional move is building. 📊 Key levels Weekly trendline support: ~1,48,432 Current price: ~1,49,055 Weekly trendline resistance: ~1,55,736 Triangle range: 1,48,432 – 1,55,736 🧠Read Bullish case: Support holds and price bounces toward the upper line. A weekly close above ~1,55,736 would break the triangle upward and resume the larger uptrend. Bearish case: A weekly close below ~1,48,432 breaks a trendline that has held for almost a year. The triangle would then resolve downward. The squeeze is almost complete, and the breakout direction will decide the next big move. For educational purposes only. Not investment advice.