Gold maybe the right time to initiate the upleg on weekly chart?

FX:XAUUSD   Gold Spot / U.S. Dollar
143 0 6
Gold             is since 8 weeks caught in a trading range between 1050 - 1090 USD / ounce.
Long time which might be an indicator for an uncertainity in the market or balanced pricing (in this analysis my preferred interpretation).
There is a high probability that shorties will be wedged out the longer we stay at this level (decreasing hope for lower prices). From technical perspective I would say that we might have the right time for a major upleg on weekly basis hence I would search for long entries. My Entries would be around 1087 USD tight SL which would be trailed on lower time frames. Maybe we catch a nice Rallye Trend upwards? (Analysis on lower Timeframe linked to this one).

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