GOLD undecided: Looking for a positive outlookThe current market context on GOLD seems undecided and heavily influenced by news release and macroeconomic catalysts. The recent reversal from the support was pretty decisive, catching short-sellers off guard and forcing them to cover positions.
However, the structure has yet to produce a clean breakout beyond the mid-range, suggesting a lack of strong conviction from either side.
The probability of a pause or reversal here under this circumstances may increase substantially as well. But if I were to take a side I would definitely choose more upside , before any correction begins.
This is a high-risk zone for positioning without confirmation. The market is potentially preparing for a breakout or a fakeout, and patience is key. Wait for clear signs of intent before committing.
