The price is fluctuating narrowly above 4650, showing clear signs of accumulation. The price is supported by the downward trendline and gradually converging into a triangle consolidation pattern, with a breakout imminent.



The 4630–4640 range has formed a strong demand zone, with keen investors continuously positioning themselves in this area, absorbing market liquidity and building a dense buy support zone.

If the closing can effectively break above the upper resistance of the triangle, a bullish breakout can be confirmed. Consider entering on the breakout or during a pullback confirmation.

Target price: 4700

Key Points
This movement is a classic converging compression breakout pattern. After a low-volatility narrow consolidation, it is often followed by a strong upward surge.
As long as the key support at 4630 holds, the overall upward structure remains intact, and the trend is still bullish.

I will continue to monitor and update the subsequent strategy. Traders must practice proper risk management and strictly adhere to position and stop-loss controls.
XAU-0,38%
XAUT-0,41%
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