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Gold prices continue to trade in an accumulation triangle pattern and are bouncing off the support trendline below. There is buying pressure in the green FVG area + the Ichimoku Balance Sheet cloud rises to the bottom, indicating that buyers are still in control.
The upper resistance area of 4,150 – 4,165 was the last point to be broken.
If the price breaks out and retests this area slightly, there is a good chance that gold prices will rise towards the 4,220 – 4,240 area in the expected direction of the stock.
📈 Prioritize bullish scenarios based on triangle patterns + Ichimoku support.
Target: 4,200 → 4,240
Trend-maintaining support: 4,080 – 4,100