The Golden Run Continues – Gold’s Bullish Breakout

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XAUUSD has shown a strong bullish rally earlier this year, followed by a consolidation phase. This consolidation formed a clear symmetrical triangle on the 4-hour chart, a pattern often signaling indecision before the prior trend continues.

Gold has now broken decisively above the upper trendline of this triangle, confirming strong bullish sentiment. The former upper trendline, around $3500, is now acting as a key support level. A retest and hold here would further validate this breakout.

Price action post-breakout has been sharply bullish, indicating significant buying pressure and a likely continuation of the upward trend.