The price of gold fell to 4542 and then rebounded strongly to 4643, showing short-term upward momentum. Currently, the price is once again approaching the overhead resistance zone.
In my opinion, gold is still consolidating in a short-term range.
resist
4644 | 4666 | 4680 | 4680 4700
support
4500 | 4520 | 4520 4540 | 4540 4575
bias
Prioritize selling at resistance levels.
If the price shows a clear signal, consider buying short-term scalping at support levels.
main idea
The market is in a consolidation phase, and range trading is most appropriate.
Things will turn bullish only if the price manages to break out and hold above 4700.

“In the recreational market, profits come from discipline, not expectations.”

Would you sell from the top or scalp from the bottom? Share your opinion with us.

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