Gold Compresses Under Descending Resistance ...........Gold on the M45 timeframe remains in a broader bullish context, but recent price action shows the market transitioning into a clear compression phase beneath a descending trendline. After the strong impulsive advance from the lower support zone, momentum has slowed, and price is now rotating sideways while respecting both descending resistance above and a well-defined support base below.
Current structure shows repeated reactions around the 4,460–4,470 region, where descending trendline resistance continues to cap upside attempts. Sellers have defended this area consistently, preventing immediate continuation and forcing price into a tightening range. At the same time, buyers remain active above the 4,400–4,410 support zone, indicating that downside pressure is being absorbed rather than expanded.
As long as price holds above the support zone, the ongoing consolidation appears corrective rather than bearish. This range-bound behavior suggests accumulation, with the market building liquidity through multiple rotations before committing to a directional move. A brief dip toward support followed by higher lows would further reinforce the bullish case by confirming buyer control at discounted prices.
From a bullish continuation perspective, a clean break and sustained acceptance above the descending trendline would mark a structural shift back into expansion. In that scenario, Gold would likely target the 4,500 region initially, with further upside potential toward the 4,520–4,540 zone as momentum accelerates and trapped sellers are forced to exit.
Conversely, failure to hold the 4,400 support would invalidate the accumulation thesis and expose the market to a deeper corrective move. Until such a breakdown occurs, the current price action favors patience, with Gold coiling between support and descending resistance as it prepares for its next decisive move.
