Gold Price Tests Support at $4,650 Amid Tight Range

Gold is testing support near $4,650 after failing to break above the $4,772 target, according to BeInCrypto. The asset remains in a tight range, with traders anticipating a breakout. On the daily chart, gold is consolidating within a symmetrical triangle, with the 0.382 Fibonacci retracement at $4,842 capping the upside and the 0.618 retracement near $4,376 providing support. A move above $4,800 could strengthen the bullish trend, while a breakdown below the lower triangle boundary would shift focus back to $4,376. Traders are closely watching the $4,650 and $4,800 levels for the next directional move.