GOLD – Breakout Confirmed, Retesting 3415 Before Push

GOLD has broken out of a 4-month bullish symmetric triangle, where volatility had been contracting as the pattern matured.

• The triangle showed 3 reversal points on the bottom trendline and 2 on the top before the breakout.
  
• Momentum confirmed the move, pushing price through resistance.
  
• We will now see a strong sell-off for a healthy retest of the breakout zone around 3415. So short in the short term but long on the long term.
  

The measured move projection points to a new target at 3845.

📊 Key levels to watch:

• Retest support: 3415 (critical level to hold)
  
• Stop-loss zone: near the apex of the triangle (invalidates the pattern if broken)
  
• Target: 3845
  

The breakout structure remains bullish, and as long as 3415 holds, the path toward 3845 remains intact.