4250–4180: The Box Controlling Gold

2 days ago

Despite a week filled with major fundamental releases, gold spent the entire period trapped inside a 4250–4180 range.
Even Friday’s strong early rally into 4250 failed to hold, with the daily close producing a sharp sell-off that left traders without a clear directional bias.

Today’s Asian session opened with renewed buying interest, lifting price back toward 4220, the midpoint of the range. But without a decisive breakout, the medium-term direction remains unclear.

Technically, both the medium-term and long-term trends are still bullish. However, as long as price remains locked inside this range, taking trades carries elevated risk.

What I want to see next:

Bullish scenario:
A fresh attempt to break above resistance, followed by either a clean breakout or a tight consolidation right below it — a classic pressure-building structure.

Bearish scenario:
A breakdown below 4175–4180, which could open the door for a move back toward 4100 or even lower.

Until we get clarity, I remain on the sidelines.

2 days ago

Trade active

Gold is pressing for a down break