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Gold Futures Outlook: Technical Triangle Meets COT Pressure
The weekly chart shows that gold futures remain in a well-established uptrend, although price action has been choppy since the record high in April. Prices have yet to reclaim the shooting star reversal high at 3594.6, and have since formed a series of higher lows—each marked by bearish patterns such as a dark-cloud cover and another shooting star This evolving structure hints at a symmetrical triangle, which may resolve with a bullish breakout in line with the dominant trend. However, timing remains uncertain, and a breakout is not yet confirmed. The triangle projects an upside target around $3900 if successful. ... (full story)
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