Gold is consolidating in a price range of $4,050 to $4,100.

The 4-hour chart shows that gold prices have stabilized within a specific price range, and it is unlikely to break through the trend line this week.

Estimated trading range: $4,000 – $4,110

Gold prices are currently falling. According to the chart pattern,

We expect a rebound and continued short selling at higher price levels:

Price: $4080-$4090

Stop loss: $4120

Take Profit: 4050 – 4030 – 4000 USD

This strategy is basically consistent with yesterday’s theoretical analysis.