Consolidation Phase Until 2026 with Bullish Breakout Ahead

1. Price Action and Key Levels:
The current price is around 2,642 USD per ounce of gold.
Several horizontal yellow lines mark potential support and resistance levels, possibly identified through historical price data:
2,475 USD: Could act as a significant support level.
2,363 USD: Likely a stronger support below the main red zone.
2,284 USD: This appears to be a deeper support zone, representing a lower boundary for price movement.
2. Highlighted Zone (Red Box):
The red rectangle marks a range-bound zone, roughly between 2,475 USD and 2,602 USD. This could represent a consolidation zone or a range where price movement is expected to stabilize in the short to medium term.
3. Text Annotation – "Relax until 2026":
This suggests an anticipation of minimal price volatility or significant movement within this range (marked by the red box) until 2026. The market might be expected to consolidate here, making it a "relaxing" phase for long-term holders.
4. Blue Arrow:
The blue upward arrow projects potential bullish movement in the longer term, starting after the consolidation phase. The timeline indicates this movement might begin around 2026 or later.
5. Long-Term Outlook:
This chart implies that gold prices might remain in a sideways or slightly volatile trend over the next two years. A breakout toward higher prices may occur later, aligning with broader market or macroeconomic shifts.
6. Chart Type and Time Frame:
This appears to be a daily chart, providing a broader perspective on price trends.