Gold in Tight Range — Waiting for the Next Break

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📊 Market Overview
Gold is consolidating within a narrow range around $3990 – $4000, reflecting a wait-and-see sentiment in the market.
After hitting resistance near $4006 and pulling back to $3991, the price is now testing the $4000 level again — a key technical pivot zone.

📈 Technical Analysis

Short-term trend: Sideways, searching for direction

Resistance: 4006 – 4015

Support: 3980 – 3965

EMA20/50 (H1): Price hovering near both averages → no clear bias

RSI (H1): Neutral, no strong buy/sell signals

Candlestick pattern: Multiple upper wicks near resistance → selling pressure visible

💡 Market Outlook
Gold is tightening around resistance. If it holds above 3995–4000, a further rise could occur.
However, if it fails and closes H1 below 3990, a correction toward 3965–3950 becomes likely.

🎯 Trading Signals

🔺 BUY XAU/USD

Entry: 3985 – 3987

TP: 4015 / 4030

SL: 3982

🔻 SELL XAU/USD

Entry: 4012 – 4015

TP: 3980 / 3965

SL: 4018

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Trade attivo

Gold lost the 3990 level, shifting the short-term trend to a bearish correction.
➡️ It may continue to decline toward 3965–3950.

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Trade chiuso: obiettivo raggiunto

Gold remains in a downward corrective trend, but the 3950 zone could act as a short-term rebound point if selling pressure weakens.