The recent high in 2025 at $3,500, observed near the resistance on the quarterly chart, has led to a strong price consolidation between the $3,000 and $3,500 levels. After reaching this high in April 2025, gold has been consolidating within a tight range and has formed inside bar candles in May, June, and July.
Now, August appears to be trending toward a tipping point that could finalise the next move in gold. This setup also indicates that a break above the $3,500 level will initiate a strong surge in prices. This surge will result from the price compression developed during the past three months of consolidation. However, if the gold price continues to decline toward the $3,000 level, it will present a strong long-term buying opportunity for traders targeting the next bullish wave towards $4,000.
The gold-to-silver ratio has served as a reliable indicator for predicting tops and…
