Gold - $4800 now possibleGold FuturesCOMEX:GC1!HowToChartGold futures (1D) are testing a major decision point at $4,456, where two pitchfork structures overlap (U-MLH 1/4 Confluence). - Red Pitchfork (Descending): Defines the macro corrective channel from the Feb/March highs. Price is testing the upper boundary line ($4,450-$4,500), which acts as critical overhead resistance. - White Pitchfork (Ascending): Defines the recovery trend from the July swing low ($3,950). Price has reached the upper quarter median line (U-MLH 1/4). PITCHFORK SCENARIOS & RULE #1 - Bull Case (Rule #1 Continuation): A daily close above the $4,500 confluence zone clears the red channel. Following Pitchfork Rule #1, price will target the White Centerline (CL), currently projected near $4,850-$4,900. Because of the upward angle of the white CL, this target moves higher each day price moves forward. - Bear Case (Confluence Rejection): A failure to break $4,500 signals a rejection off resistance. The downside target becomes the White L-MLH around $4,150-$4,200 as dynamic support. A break below $4,150 invalidates the white pitchfork and opens risk toward $3,750. KEY LEVELS TO WATCH - Immediate Resistance: $4,450 - $4,500 - Upside Target (White CL): $4,850+ - Key Support (White L-MLH): $4,150 - $4,200