Gold in Accumulation: Ready for the Next Big Move?

🧠 Short-Term Technical Outlook:

Gold has shown a strong bullish impulse, followed by a sideways consolidation phase (marked by the purple box).
This range — roughly between $3,870 and $3,890 — represents market indecision and energy buildup before the next breakout move.

🔍 Key Levels:
Resistance Zone: $3,890 – $3,895
Support Zone: $3,870 – $3,875

📈 Bullish Scenario (Breakout):

If price closes above $3,895 with strong volume, buyers could push gold toward higher targets.

🎯 Upside Targets:
$3,905
$3,915

🛡 Stop Loss: below $3,870

📉 Bearish Scenario (Breakdown):

If gold breaks and holds below $3,870, sellers may take control, triggering a short-term correction.

🎯 Downside Targets:
$3,860
$3,845

🛡 Stop Loss: above $3,895

⚖️ Summary:

Gold is in a neutral consolidation zone after a strong rally.
The best approach right now is to wait for a clear breakout or breakdown confirmation before entering a trade.