Gold: consolidation and the search for direction

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Gold has been trading in a range in recent days, maintaining a balance between buyers and sellers. The movement remains restrained: upward impulses are followed by pullbacks, while the price holds within the consolidation zone.

The chart shows the formation of a structure that does not give a clear advantage to either side. On one hand, interest in safe-haven assets supports demand for gold; on the other, dollar strength limits growth.

The current situation points to a waiting phase: the market is accumulating energy, and the next breakout of key levels will determine the further direction. For now, gold remains in a neutral zone, where both continued growth and the development of a correction are possible.

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