XAUUSD Good day! After yesterdayโs drop and rejection, gold remains stuck in a dead range without clear direction. The 3755โ3725 band is acting as strong defence on both sides, creating choppy intraday action.With PCE data due today, volatility will spike again if inflation rises, rate-cut bets weaken; if the Fed maintains a hawkish tone despite cuts, that too is negative for gold.
For day trades, the smarter play is to stay out and avoid being trapped in this chop. Patience here will pay with a cleaner move later.Donโt get biased in any side till you see a clear move . Bearish volume is more seen than bullish volume from morning . Trade safe .
Watch levels - 3725 Downside 3755 Upside .
