Gold (XAUUSD) Market Update – Consolidation Phase

Gold (XAUUSD) Market Update – Consolidation Phase

Gold is currently trading in accumulation / range mode after a strong impulsive bullish move. Price has paused and is compressing below recent highs, indicating indecision rather than reversal.

🔎 Market Structure Overview

• The prior move showed a clear break of structure (BOS) to the upside, confirming bullish intent.
• After the impulse, price entered a tight range, printing equal highs and higher lows → classic accumulation behavior.
• Volatility has decreased, which usually precedes expansion.

📦 Key Zones

• Range High / Resistance: 4638–4645
• Range Low / Support: 4600–4605
• Major Demand Zone: 4590–4600 (previous BOS + mitigation area)

📈 What Is Price Doing?

• Smart money is likely building positions.
• No strong bearish displacement → sellers are weak.
• As long as price holds above the demand zone, bullish bias remains intact.

🚀 Next Expected Move

Primary Scenario (High Probability):

• Bullish continuation
• A clean breakout and close above the range high (≈4645) can trigger:
• Expansion toward 4660 → 4680
• Potential continuation if volume increases

Alternative Scenario:

• A sweep below range lows (liquidity grab) into 4590–4600
• Strong rejection from demand → bullish continuation afterward

❌ Bearish Scenario (Invalidation)

• Sustained break and close below 4590
• Would signal deeper correction toward 4560–4540

🧠 Trading Insight

Consolidation after expansion is usually continuation, not distribution — until proven otherwise.

📌 Bias: Bullish

📌 Strategy: Wait for breakout confirmation or buy from demand with confirmation

📌 Avoid: Trading inside the middle of the range

#OPINIONLEADER# #XAU/USD#