## Gold Breaks Its Symmetrical Triangle Formation: What to Expect from Price in the Coming Weeks?

After 91 days consolidating within a symmetrical triangle pattern, the gold symbol has finally found direction. This movement is particularly relevant from a technical perspective, as prolonged breakouts often generate significant movements.

### Technical Analysis of the Current Pattern

The symmetrical triangle is a formation that indicates equilibrium between buyers and sellers. For nearly three months, the price of gold was trapped within this structure, accumulating energy. The breakout from this pattern suggests that an important correction phase is approaching.

Based on technical proportions, we can project an approximate 10% decline from current levels. This movement would align with the amplitude and duration of the pattern that has just broken.

### Price Targets to Watch

The first technical target is around the 1987 level, which acts as the first significant support zone. If the price of the gold symbol manages to reaffirm this area after an initial review, we would have additional validation of the bearish projection.

It is crucial to pay attention to how gold behaves in the coming days. Reactive movements and retests of the broken pattern are key to validating these scenarios. I will continue monitoring the technical evolution and sharing updates as the price action develops.

Stay tuned to the behavior of XAU in the upcoming weeks.