GOLD: The Candlestick Chart Shows a Wide-range Consolidation at High Levels

Hello everyone! Today i want to share some macro analysis with you!

Technical Analysis: On the H1 chart for gold, the candlestick chart shows a wide-range consolidation at high levels!

Price Structure (Range-Bound Trading): Judging from the overall trend recently (from late July to present), gold has been trading sideways within a clearly defined wide trading range. Upper Resistance Zone: Main resistance is found at 4100 – 4144 (near the plateau high shown in the chart). Support Zone: There is extremely strong buying support near 4000 – 4022 (where the price has bounced off the bottom multiple times).

Since neither bullish nor bearish momentum has achieved a structural breakout today, the price is highly likely to continue consolidating and adjusting within the core range of 4030 – 4100, continuing to run out the clock. $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$

Macro Trend

Monetary policy, various types of price indices... Here is everything about the macro economy!

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Today i want to share some macro analysis with you!\n\n1\nTechnical Analysis: On the H1 chart for gold, the candlestick chart shows a wide-range consolidation at high levels!\nPrice Structure (Range-Bound Trading): Judging from the overall trend recently (from late July to present), gold has been trading sideways within a clearly defined wide trading range. Upper Resistance Zone: Main resistance is found at 4100 – 4144 (near the plateau high shown in the chart). 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