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Gold is carving out a 🔺 falling wedge within a broader contracting triangle structure. After finding firm support at the lower bound, the price is now compressing against the upper wedge trendline. Recent sessions show a series of higher lows, reflecting a strengthening bullish bias.
Buyers are building ⚡️ upward momentum at this decision point. A decisive breakout above the wedge resistance is needed to confirm the recovery; failure to hold current levels invalidates the setup. We look for a 🎯 move toward the major resistance line following a confirmed breakout.
📊 PPI and Retail Sales data releases today may trigger volatility in USD-denominated assets.
🔑 Key Levels
🚧 Resistance: $4,215
🛡️ Support: $4,080
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