Chumtrades XAUUSD Sideway Trading Plan Market View
Gold is currently moving within a clear sideway structure, with no confirmed signal for a new trend. Price action suggests accumulation and rotation inside defined ranges.
Sideway Structure
Small H4 Box (inner range):
Upper boundary: 4335
Lower boundary: 4290
This is the main short-term trading box where price is reacting most frequently.
Large Sideway Box (outer range):
Upper boundary: 435X
Pay attention to 434X (around 4340–4342)
Lower boundary: 4270
A deeper extension may reach 4256
Intraday Expectation
Sideway behavior remains the primary scenario.
Trading approach:
Sell near the top of the range
Buy near the bottom of the range
No major news today, no clear breakout catalyst.
Risk Note
Manage risk carefully and stay alert for false breakouts.
If price closes decisively outside the larger box, reassess the structure.
