XAUUSD

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Hello Traders!

What are your thoughts on Gold?

Gold experienced a sharp decline last week, but found support around the $4,000 zone, leading to a modest rebound.
Since then, the price has entered a range-bound phase, oscillating between key support and resistance levels.
Current Outlook:
The next directional move depends on a breakout from this consolidation range:
A break above the resistance zone could trigger a move toward the previous high.
Conversely, a break below the support zone would likely signal a deeper bearish continuation and formation of new lows.
For now, gold remains in a neutral range, and it’s best to wait for a confirmed breakout before taking new positions.

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