Gold is approaching the apex of a long-term compression pattern.


Here's what I'm watching:
• Price remains below the major downtrend line.
• Weekly MACD is still below the zero line, although bearish momentum is fading.
• The structure looks more like a falling wedge than a classic symmetrical triangle.
• $3,990 remains the key support. A decisive break below it would keep the bears firmly in control.
At this stage, I'm not trying to predict the direction.
I'm waiting for confirmation.
A breakout with volume could signal a meaningful trend change. Until then, I treat this as a neutral compression within a broader downtrend.
Trade confirmation, not anticipation.
#Gold #XAUUSD #TechnicalAnalysis #Trading
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