Gold has been moving inside a fixed range for the last two weeks. The price action is choppy and there is no clear trend—neither strong bullish nor bearish movement.
Short-Term Strategy (Range-Bound Trading)
As long as the price stays inside this range box, the best approach is to trade the boundaries:
Short at the resistance zone
Long at the support zone
Trend Strategy (Breakout Setup)
To get a strong directional move, we must wait for a proper breakout from this consolidation.
1) Bullish Scenario (Higher Probability)
If the price breaks above the resistance zone, it will likely move toward the previous high.
2) Bearish Scenario
If the price breaks below the support zone, it may fall toward the lower target support area.
👉 Always wait for candle confirmation before taking any breakout trade.
At the end, it simply says:
Don’t forget to like and share your thoughts in the comments.
