GOLD – Consolidating before breakout

After last Friday’s push to 4550, gold was sharply rejected down to 4420 – completing a head & shoulders backtest.

Since this morning, price hasn’t continued either way and is now moving sideways on H2, showing clear compression.

Key range I’m watching:

Upper boundary: 4560
Lower boundary: 4440 – 4420

👉 This is the current “box” price is trading in.

🎯 Scenarios:
Break below 4420: → 4350
Break above 4560: → bullish continuation
⚠️ Key news to watch (potential price drivers):
15:30 (VN time): Iran deadline → possible escalation
Tonight: Powell speech

→ These could act as catalysts for a breakout

👉 For now: no breakout = still ranging, stay patient

💬 Do you expect gold to break up or break down today?
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