Over the past week, the gold market continued to move within a neutral structure, with no significant change observed in its overall trend. Price action suggests that the market is essentially “buying time,” gradually building potential for the next directional move—typically a precursor to a more decisive breakout in the short term.
In the first scenario, if price achieves a 1-hour close below the 4,680 level, a bearish move toward the 4,620 area is likely to be triggered. However, since this zone lies within the discount area of the previous bullish structure, it may present potential buying opportunities upon confirmation. Such positions could target a move back toward the 4,850 level if demand strengthens.
In the second scenario, a 1-hour consolidation above 4,750 could signal the start of a more stable bullish trend. In this case, the upside targets are projected at 4,850 and then 4,980, reflecting increasing buyer strength in the market.activation of either scenario.
Overall, with key economic data releases ahead—including U.S. inflation figures and retail sales—these fundamental drivers are expected to play a crucial role in shaping market direction and could act as catalysts for the
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