#GOLD – Breakout in Progress | Macro View (Brief):

#GOLD is breaking out of an ascending triangle, a classic continuation structure in strong trends

Key levels to watch:
▫️Holding above the ~4,200 zone keeps the breakout valid
▫️Acceptance above ~4,400–4,500 opens the door for a final acceleration leg
▫️A failure back below the breakout area would be the first real warning of distribution

Macro takeaway:
A late-cycle top in early 2026 (possibly Jan) is plausible, not because GOLD is weak, but because that phase often aligns with capital rotation into higher-beta risk assets once liquidity expectations shift.

Bottom Line:
The chart supports continuation first, top later. January 2026 as a macro topping window is reasonable, but the chart is currently saying “trend still on”, not “top is in.” A final upside push before a major rotation remains the higher-probability path unless structure decisively breaks.