Usman Salis
⬤ Gold futures have pushed out of a narrow triangle. Traders now look for a run toward $5,200 using the classic measured move rule. Price had drifted sideways for weeks between two sloping lines that converged - the escape through the upper line revives the uptrend. XAU first steadied then cleared resistance in a move that matches the textbook continuation shape.
⬤ The setup - gold rose about 1,000 dollars before it entered the triangle. Take that same 1,000-dollar span from the breakout level and the target lands near $5,200. Futures now trade above $4,250 as the pattern resolves upward. The chart shows firm momentum at the breakout, which supports the view that another leg higher has begun.
The repeated 1,000-dollar advance underpins the upward projection - gold should extend its rally while momentum stays intact.
⬤ The measured move rule is simple - after a strong surge and a pause, the next thrust often matches the first. The chart shows the classic order - sharp rally, triangle rest, fresh breakout. The latest candle closed well above the upper line with no pullback, which strengthens the signal.
⬤ This carries weight because investors treat gold as a haven when macro outlooks blur plus rate views shift. A clean breakout with a visible target can sway sentiment and set the theme for the next trading phase. If price heads toward $5,200, gold would confirm its role as a hedge while volatility and liquidity stay rough across global markets.
Usman Salis
