Gold Price Eyes $4,000 Amid Bullish Chart Breakout
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BTCCSquare news:
Gold has surged beyond a four-month symmetrical triangle pattern, signaling a potential rally toward $4,000. Analysts highlight $3,500 as critical support, with momentum fueled by anticipated Federal Reserve rate cuts.
Gold Predictors, a prominent market observer, notes the metal's explosive breakout from $3,400 to $3,643, with technical indicators pointing to further upside. Rashad Hajiyev, a metals expert, confirms the breakout from consolidation, projecting a near-term test of $3,900.
The daily chart's bullish structure suggests institutional accumulation. Market participants now watch for sustained closes above $3,600 to confirm the path toward record highs.
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