Gold prices could rise toward $4,581 if a breakout above $2,650 is confirmed, according to technical analysis using the Square of 9 charting method.
The Square of 9, a geometric time and price analysis tool developed by W.D. Gann, indicates that a sustained move above $2,650 would open the path to the next major resistance level at $4,581. Analysts tracking the pattern note that gold has been consolidating near $2,600 in recent sessions, with the $2,650 threshold serving as a critical inflection point.
If the breakout materializes, the upward trajectory could extend toward the Square of 9 projection, which aligns with historical resistance zones identified in the metal’s long-term price structure. The method suggests that such a move would be driven by a combination of technical momentum and renewed investor interest in gold as a hedge against macroeconomic uncertainty.
Traders closely monitoring the $2,650 level will look for sustained volume-backed gains to validate the signal. Failure to clear this resistance could see gold retreat toward lower support levels, though the broader bullish bias remains intact based on the Square of 9 framework.
