Artem Voloskovets
⬤ Gold has pushed higher lately as geopolitical tensions sparked fresh demand for safe-haven assets. The rebound is happening while prices stay locked inside an ascending broadening wedge pattern that's clearly visible on the weekly chart. Gold is recovering from its recent pullback and still trading comfortably within this expanding bullish structure.
⬤ The chart reveals gold building a solid pattern of higher highs and higher lows since 2023, creating a rising broadening wedge marked by two diverging trendlines. Prices recently bounced off the lower edge of this formation and rallied toward the upper boundary, showing renewed buying momentum. This move mirrors previous consolidations inside the pattern, proving that buyers keep stepping in during pullbacks instead of letting prices break below rising support.
⬤ Recent price swings highlight growing volatility within the wedge—a classic feature of ascending broadening formations. The chart shows previous reactions near the top boundary where gold paused or pulled back without breaking the broader uptrend. This latest bounce suggests traders are staying tuned to geopolitical headlines, treating dips as buying opportunities while prices remain inside the established range.
⬤ This setup matters because gold's ability to hold within the ascending broadening wedge shows the long-term uptrend is still alive despite short-term choppiness. Staying above rising support keeps the structure healthy, while repeated tests of the upper boundary hint that volatility could keep expanding rather than settling down anytime soon. As long as gold trades within this wedge, price action will likely stay dynamic, with geopolitical news continuing to drive near-term moves.
Artem Voloskovets
