Gold $XAU
is sitting at an interesting level right now.
Price is consolidating between $4,585 and $4,640 while the bigger structure still looks bullish. The $4,600 area is the key level I’m watching.
If buyers continue defending that zone and gold breaks out of the current triangle, we could see a move toward $4,680–$4,700.
A break below the structure would change the setup, with $4,540 becoming an important downside level.
For now, I’m watching the liquidity hunt closely before looking for the next move.
is sitting at an interesting level right now.
Price is consolidating between $4,585 and $4,640 while the bigger structure still looks bullish. The $4,600 area is the key level I’m watching.
If buyers continue defending that zone and gold breaks out of the current triangle, we could see a move toward $4,680–$4,700.
A break below the structure would change the setup, with $4,540 becoming an important downside level.
For now, I’m watching the liquidity hunt closely before looking for the next move.
