Gold Stuck Between 3250 and 3200 – Watch the Breakout!

After another week filled with violent price swings, Gold started this week on a much calmer note. Yesterday, after filling the Asia open gap, price pushed up to test the 3250 resistance, only to reverse and fall back toward the 3210 support zone.

🔺 A triangle is forming… but which way will it break?

Since last Thursday, price action has been forming an ascending triangle — a pattern that typically favors upside breakouts.

But for this to play out, we need a clean break above 3250. If that happens, we could see a fresh 1,000 pips move up in the short term.

📉 What if 3200 fails again?

A break back below 3200 would cancel the bullish structure and likely send price toward the 3160 support, or even further down to the 3100 zone.

📊 Trading Plan:

For now, I remain on the sidelines, waiting for a clear breakout in either direction. No need to rush — the breakout should bring strong momentum either way.

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