Daily Chart Signals Gold Price Power Move Toward $4,000 - Technical Breakout Imminent

Gold's daily chart flashes bullish signals as momentum builds toward a potential $4,000 surge.

Technical indicators align for what could be the metal's most explosive move in decades.

Pattern recognition suggests institutional money positioning for the ultimate inflation hedge—because apparently traditional finance still needs shiny rocks to feel secure.

Watch for breakout confirmation as gold demonstrates its timeless appeal in an increasingly digital age.

Gold’s Path to $4000

According to Gold Predictors, a leading gold prediction platform on X, gold has broken out of its 4-month symmetrical triangle with “.” The metals’ daily chart is showing a clear pathway for the asset to score new highs, including gold hitting the $4000 mark in due time. Moreover, the platform stated that gold may find support of the bulls at $3500, which will ultimately play a crucial role in helping the asset hit $4000.

#Gold breaks out of a 4-month symmetrical triangle with explosive momentum!

The daily chart shows a powerful rally from $3,400 to $3,643 after a clean breakout.

The key support is at $3,500 with bulls targeting $4,000 and higher. pic.twitter.com/YBvbZ8OPUP

Critical Insights About The Asset

According to Rashad Hajiyev, a leading metal expert, gold price has broken out of a recent consolidation and is now heading straight towards claiming a new high of $3900. With the Fed interest rate cut dynamics looming over, gold can achieve $3900 in the next two or three weeks, Hajiyev later added.

Gold broke out from its short term consolidation yesterday and looks like it is headed straight to my $3.9k target. Could happen within 2-3 weeks… pic.twitter.com/Yw0aJzZZon

For silver, the analyst added how the metal could easily hit a new high of $57, while gold takes the lead ahead.

Silver's rally has not even started yet. Gold continues to lead. My gold to silver ratio (GTS) immediate target is around 70. With gold's projected target $3,900 and GTS 70, silver's immediate target is $56. Silver could potentially reach $70 once it takes out all time high.… pic.twitter.com/WiI1bkhkQ0