Gold Approaching Critical Triangle Breakout Amid Upcom

Gold is currently consolidating within a descending triangle on the daily chart. With the upcoming US GDP data release on Thursday, I anticipate significant volatility that could lead to a breakout.

Support Zone: $2,280 - $2,300
Resistance Zone: $2,407 - $2,450

Breakout Strategy:
Buy Setup:

Enter long on a break above the upper trendline.
Targets: RESISTANCE
Stop Loss: Below the breakout daily candle or lower trendline ($2,310)

Sell Setup:
Enter short on a break below the lower zone.

Fundamental Insight:
The US GDP data on Thursday could be the catalyst for a breakout. Strong GDP figures might boost the USD, leading to a bearish breakout, while weak GDP data could weaken the USD, prompting a bullish breakout.

Keep an eye on these key levels and be ready to react to the market's response to the GDP data.

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till now we are going to be in the green path

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short term traders, you could search for reasons to long the pair

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Get ready to short the pair, may be in the next week!

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It might start dropping soon or late!