GOLD – TRIANGLE COMPRESSION ON H4

✨ GOLD – TRIANGLE COMPRESSION ON H4, AWAITING A STRONG BREAKOUT IN WAVE 5 ✨

💬 Gold is accumulating in a compression triangle – when silence lasts too long, the market is about to speak.

Hi everyone 💖, Kristina is back with today's perspective on gold. I hope this analysis will help you – whether you're a new trader or have been trading gold for years – gain a clearer view to prepare for the upcoming breakout.

📉 Technical Analysis:
Currently, gold is moving within a triangle pattern on the H4 frame, indicating that market energy is being compressed. When the price breaks out of this area, the movement range could reach several tens of points.

Important support zone: 3960–3980

Strong resistance zone: 4035–4045
👉 When the price breaks one of these zones, the trend will be clearly confirmed.

According to Elliott Wave, Kristina is observing two scenarios:
1️⃣ Long-term: Wave (5) could be a downward wave, heading towards 3820.
2️⃣ Medium-term: Wave (5) can still rise if the price holds the 4000 zone, targeting around 4110–4130.

💎 Trading zone according to ICT:

Order Block around 4040 is a potential supply zone – a reversal signal is likely to appear.

The area around 4000 is a notable support point – it can create a bounce reaction if the price retests.

🎯 Reference trading scenarios:

Sell around 4040 when there is a reversal signal, SL 10 points, TP 4020–4000.

Buy around 4000 after the price retests the OB, SL 10 points, TP 4110.

If the price breaks 3970, wait to Sell around 3980, SL 10 points, TP 3820.

🕊️ Currently, gold is in a waiting phase – observe, don't rush, to act with the trend when the market "speaks."

🌷 The analysis reflects Kristina's personal perspective, not an investment recommendation.
If you share the same viewpoint or have a different perspective, please leave a comment below 💬💕