Bullish Pattern ImplicationsSince gold only recently cleared above the 10-day average, the trend patterns in gold show a likely bull breakout above $4,353 on the horizon. The breakout above the prior interim swing high of $4,264 last Thursday was confirmed with a daily close above it. Short-term consolidation may continue for a few more days, giving the 10-day average a chance to catch up with price. Once it does, the chance for an upside breakout improves.Dynamic Support LayersPotential dynamic support nea ...

Bullish Hammer and Support TestTuesday printed a clear hammer candle just above the rising 10-day average, with Wednesday’s low holding comfortably above it. That hammer, combined with the higher low structure, offers early evidence that buyers are defending the pullback zone and sets up a straightforward resumption trigger above $4,236.Breakout Lacking Follow-ThroughFriday’s symmetrical triangle breakout provided further evidence that the recent pullback is likely complete. Yet subsequent sessions have pro ...