GOLD: It Will Likely Remain in a Wide-range Consolidation Phase!

XAUUSD Gold Traders

$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$

The market action was a rollercoaster ride, catching many investors by surprise!

On the H1 chart, gold formed a typical “second dip” followed by a failed “W-bottom” (double bottom) pattern, resulting in a pullback within a trading range.

This pattern has not yet confirmed a reversal; instead, it has evolved into a pullback from resistance within a low-range trading band (4510–4585). As short-term bullish momentum has faded and bears have regained the upper hand, prices are now seeking support near the cluster of moving averages or the secondary support level around $4,510.

In the upcoming New York session, the primary focus will be on the support near $4,510. Gold still has room to fall; however, if it fails to break below $4,500 again, it will likely remain in a wide-range consolidation phase! In terms of trading strategy, continue to focus on sell positions!

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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As short-term bullish momentum has faded and bears have regained the upper hand, prices are now seeking support near the cluster of moving averages or the secondary support level around $4,510.</p>\n<p style=\"text-align: left;\">In the upcoming New York session, the primary focus will be on the support near $4,510. Gold still has room to fall; however, if it fails to break below $4,500 again, it will likely remain in a wide-range consolidation phase! In terms of trading strategy, continue to focus on sell positions!</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/3fbdc61d75759954d79c8f851b9e2adc\" tg-width=\"715\" tg-height=\"593\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: left;\"><a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2606\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2606(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a></p>\n<p style=\"text-align: left;\">The market action was a rollercoaster ride, catching many investors by surprise!</p>\n<p style=\"text-align: left;\">On the H1 chart, gold formed a typical “second dip” followed by a failed “W-bottom” (double bottom) pattern, resulting in a pullback within a trading range.</p>\n<p style=\"text-align: left;\">This pattern has not yet confirmed a reversal; instead, it has evolved into a pullback from resistance within a low-range trading band (4510–4585). As short-term bullish momentum has faded and bears have regained the upper hand, prices are now seeking support near the cluster of moving averages or the secondary support level around $4,510.</p>\n<p style=\"text-align: left;\">In the upcoming New York session, the primary focus will be on the support near $4,510. Gold still has room to fall; however, if it fails to break below $4,500 again, it will likely remain in a wide-range consolidation phase! In terms of trading strategy, continue to focus on sell positions!</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/3fbdc61d75759954d79c8f851b9e2adc\" tg-width=\"715\" tg-height=\"593\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","text":"$Gold - main 2606(GCmain)$$XAU/USD(XAUUSD.FOREX)$ The market action was a rollercoaster ride, catching many investors by surprise! On the H1 chart, gold formed a typical “second dip” followed by a failed “W-bottom” (double bottom) pattern, resulting in a pullback within a trading range. This pattern has not yet confirmed a reversal; instead, it has evolved into a pullback from resistance within a low-range trading band (4510–4585). As short-term bullish momentum has faded and bears have regained the upper hand, prices are now seeking support near the cluster of moving averages or the secondary support level around $4,510. In the upcoming New York session, the primary focus will be on the support near $4,510. Gold still has room to fall; however, if it fails to break below $4,500 again, it will likely remain in a wide-range consolidation phase! In terms of trading strategy, continue to focus on sell positions! 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! Hot Merch Returns · Up to 43% Off","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/565852039831952","repostId":0,"isVote":1,"tweetType":1,"viewCount":112,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":963,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/565852039831952"}