$XAU gold is currently oscillating in a large box range within a converging triangle; the weekly bullish trend remains unchanged.
Prefer to wait for a right-side setup after the box breaks, and go long short-term on a pullback to 4345-4288. If it rebounds to 4446-4510 and meets resistance with clear pullback signals, then consider going short. This is the pressure level for a top-bottom transition; stop loss at 4515.
Once price firmly holds above 4515, the four-hour double-bottom reversal is confirmed, and the upside target is directly 4600.
Prefer to wait for a right-side setup after the box breaks, and go long short-term on a pullback to 4345-4288. If it rebounds to 4446-4510 and meets resistance with clear pullback signals, then consider going short. This is the pressure level for a top-bottom transition; stop loss at 4515.
Once price firmly holds above 4515, the four-hour double-bottom reversal is confirmed, and the upside target is directly 4600.
