Usman Salis
⬤ Gold remains in a steady uptrend as price action consolidates above its rising channel structure. The metal is currently building energy near the upper boundary while shaping an ascending broadening wedge - a formation often associated with increasing volatility and continuation potential. The structure shows buyers are still defending higher levels rather than allowing deeper pullbacks, which keeps the bullish case intact.
⬤ The chart shows gold respecting the lower trendline support throughout the trend while gradually printing higher highs and higher lows. The emergence of the wedge pattern suggests expansion in trading range rather than exhaustion. This behavior usually happens during strong trends where price pauses before accelerating again. As Gold Predictors reported, similar setups appeared during previous bullish gold trend structure phases when the metal transitioned from steady gains into sharper rallies.
⬤ Price action is currently positioned above the channel midline, meaning momentum remains tilted upward despite short-term consolidation. Expanding price swings inside the wedge also indicate growing participation rather than weakening demand.
⬤ If price remains above structural support, volatility expansion could define the next phase of the broader trend and influence sentiment across commodities and macro markets. The pattern suggests bulls are still in control, but traders should watch for either an upside breakout or a support test to confirm the next leg of movement.
Usman Salis
