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Gold prices are currently in a clear consolidation phase on the 4-hour frame, after a strong upward wave took the price back to the $5,200 per ounce area. Although there has been no strong breakout so far, the overall structure remains bullish and the market appears to be in a phase of building energy rather than consuming it.
artistic image
Based on a 4-hour frame:
• The general trend is upward within a clear channel.
• Price is above the support area 5150-5160.
• No downward structural breakout has yet occurred.
• Current oscillations are closer to horizontal assembly.
The 5,300 area is a key resistance level.
A strong close above this level could open the way to 5,450 and 5,600.
It is clear that a closing price above 5100 will lead to a further correction.
What does the news say?
The news environment tends to be optimistic:
• Geopolitical tensions continue.
• Transaction fee issues.
• The dollar weakened on some trading days.
• Interest rate cut expectations.
• Central bank purchases.
All these factors support gold as a safe-haven asset.
Interpretation of market psychology
Gold is showing no clear signs of saturation and no strong candlesticks.
The current stage seems to be “calm first and then move”, with the market waiting for clear catalysts.
upcoming scene
🔹Positive scenes
Stable above 5150, then breaks through 5300
→ May accelerate to 5600.
🔹Negative scenes
Breaking through 5100
→ Corrected around 5000–4950.
in conclusion
Gold is currently in a consolidation phase in an uptrend.
As long as it remains above 5100, the overall trend is still good.
The real breakthrough is 5300 points.
The market remains calm…
But gold’s calm often doesn’t last long
