Gold prices remain confined within a tightening wedge pattern on the daily chart, with current levels hovering below $4,200. This pattern has been in place since mid-November, and traders are keenly observing for a breakout that could set the tone for the remainder of the year. A daily close above $4,200 could propel prices towards the year's highs, while a breakdown might see a decline to $4,000 or even $3,900. Technical indicators suggest that the next significant move will hinge on the resolution of this wedge, with seasonal trends and macroeconomic factors also playing a role in shaping the market's direction.