🥇 Gold Analysis (1H Chart)
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The broader intraday trend in gold remains bullish.
However, on the 1H timeframe, price action is consolidating within a symmetrical triangle pattern, while facing resistance from a Bearish Fair Value Gap (FVG – blue zone).
🔻 Bearish Scenario:
A confirmed breakdown below the triangle structure and the FVG support at 4,950 could accelerate downside momentum.
In that case, gold may decline toward the 4,925 – 4,884 support zone.
🔄 Alternative Scenario:
As prices are currently testing the FVG support aligned with the lower trendline of the triangle, a short-term bullish reaction remains possible.
A rebound could push gold toward the 5,000 – 5,015 resistance area.
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