Gold Coils At Triangle Apex, Loaded For Breakout Toward 4,213GoldOANDA:XAUUSDZenTrade_SetupThe 4H XAUUSD chart is setting up one of its cleanest technical patterns in weeks — and it's worth paying attention to. Since the Bullish Market Structure Shift (BMS) confirmed off the Protected Swing Low / Major Demand zone near 3,948, gold has been quietly building a base, grinding higher through a sequence of higher lows. What makes this chart interesting right now is the ascending triangle forming beneath the descending trend line. Price is being squeezed into a tightening range — rising support meeting falling resistance — and that kind of compression rarely lasts long. Something has to give, and the higher-low structure suggests buyers are the ones applying the pressure. Currently trading at 4,045.165, price sits right at the apex of this triangle, coiled just beneath the Strong Supply/Resistance zone spanning roughly 4,100 to 4,190. This zone has already rejected price multiple times earlier in July, so a breakout here would carry real weight. If price can clear the trend line and push through this supply zone, the first target sits at TP1 near 4,159, aligning with the 0.5 Fibonacci retracement. Beyond that, TP2 comes into view at 4,213, matching the 0.618 level — and for the more patient traders, the broader Primary upside target zone between 4,410 and 4,480 remains the long-term prize on the higher timeframe. The key invalidation here is a breakdown below the rising triangle support (under 4,000). That would suggest the compression resolved bearish instead, opening the door back toward the demand zone. Right now, the setup is coiled and the structure favors the bulls — but breakouts only count once they're confirmed. Do you think gold breaks out bullish toward 4,213, or does this triangle fake out to the downside first?