Gold isn’t pushing higher or breaking down — it’s simply sitting still, and that kind of calm is rarely innocent. Extended low-volatility phases often act as pressure zones where positions quietly build before a sharp expansion.

With central bank guidance, rate-path expectations, and dollar sensitivity lining up, even a minor macro trigger can cause an outsized move. Liquidity thins quickly when everyone assumes “nothing will happen.”

The risk here isn’t price — it’s confidence. Gold tends to move hardest when traders relax. Stay patient, manage exposure, and let direction confirm before committing.