Gold Coiling at All-Time Highs – Watch $3,400

Gold has been coiling in a textbook symmetrical triangle after a historic run. The longer it consolidates, the stronger the eventual move. Technically, this is a “make-or-break” moment — volatility compression is reaching its limit. From a macro lens, capital flows remain defensive: rate cuts are expected, real yields remain under pressure, and liquidity is still moving toward hard assets. In other words, the setup is aligned for a potential breakout, but the direction will define the next multi-week swing.

Key Points

Technical setup: Gold is forming a clear symmetrical triangle between $3,200 and $3,400 — a classic continuation or reversal signal.

Momentum: RSI is neutral (~48), showing plenty of room to expand in either direction; MACD is flat, consistent with consolidation before a move.

Macro drivers: Lower real yields, sticky inflation, and geopolitical risk keep the bid under gold. Central bank buying adds a steady demand floor.

Trade lens: Break above $3,400 could trigger momentum toward $3,600–3,700; a failure below $3,200 risks a deeper pullback.