xauusd forecast: Triangle Breakout Ahead?

Hello traders and investors,

Today, we’re diving into the price action of Gold (XAUUSD) using the daily timeframe. The precious metal has been in a strong bullish trend over the past several months, and the current chart structure is signaling a potential breakout opportunity.

Daily TF

🔍 Gold Market Overview – What's Happening with Gold?

As of now, gold is trading around $3326, maintaining its position within a symmetrical triangle pattern — a structure often signaling upcoming volatility.

A symmetrical triangle is formed when both higher lows and lower highs compress the price into a tightening range, eventually leading to a breakout either to the upside or downside.

🔼 Upside or 🔽 Downside? Watch These Key Levels

✅ If price breaks triangle upward:

It would signal continuation of the bullish trend

Expect a potential rally toward new resistance levels above $3326

Ideal for buyers looking to ride momentum

⚠️ If price breaks triangle downward:

The market may drop toward the green support zone just below the triangle

A bearish breakout would attract short-sellers and create a possible retracement phase