GOLD TRAP DOWN? 4900?

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Hi, I’m Maicol, an Italian trader.
I study Gold since 2019.

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Don’t focus only on the chart. Thanks.

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Gold is consolidating around the 5k area ahead of FOMC.
At the moment it’s respecting liquidity traps well, but still lacks clear direction.

What I’d like to see is a sweep below the lows around 4940–4900, then potentially look for longs if there are confirmations.
For now I have some misalignment across my entry timeframes, so I’m waiting, but I’ll be looking for downside moves into Powell’s speech, then I’ll adjust accordingly.

Macro news:

Gold has clearly shifted into a waiting phase ahead of central bank decisions (Fed, BoE, ECB).

The market is currently range-bound, as shown on the chart, with participants waiting for:

FOMC decision + dot plot

Monetary policy signals from ECB and BoE

Developments in the Middle East

This is a classic pre-event compression phase → likely expansion within 24–48 hours.

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Feragatname

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