XAU/USD Outlook – Will This Tight Range Explode Soon?

🔥 XAU/USD Outlook – Will This Tight Range Explode Soon?
📊 Technical Overview:
Gold (XAU/USD) has entered a consolidation phase after last week's sharp swings. The market is currently trapped within a tightening structure between 3,274 and 3,336, forming a potential wedge or triangle pattern. This type of structure often precedes a breakout.

Price is still hovering below the 200 EMA on the H1 timeframe, while key support zones are starting to show signs of buying interest. A hold above 3,301 could lead to a potential rally toward the upper resistance levels at 3,352 – 3,366.

🔺 Key Resistance Levels:
3,336.767

3,352.159

3,357.689

3,366.067

🔻 Key Support Levels:
3,301.370

3,291.885

3,274.779

🎯 Trade Setups:
🔵 BUY ZONE:

Entry: 3,274 – 3,276

SL: 3,270

TP: 3,284 – 3,291 – 3,301 – 3,336

🔴 SELL ZONE:

Entry: 3,357 – 3,366

SL: 3,370

TP: 3,336 – 3,301 – 3,291

📰 Today’s Market Focus:
No major economic data is expected today. However, markets may begin pricing in expectations ahead of this week’s key releases — ADP Employment Change and Nonfarm Payrolls (NFP).

Geopolitical tensions in South Asia and statements from FED officials may act as surprise catalysts for gold volatility.

🧭 Conclusion:
Gold remains stuck in a tight sideways channel. Traders should continue range trading while waiting for a confirmed breakout. A strong breakout above 3,366 or breakdown below 3,274 will set the tone for the next directional move.

👉 Trade smart and manage your risk. All eyes on U.S. data and geopolitical headlines!