GOLD (XAUUSD): Consolidation & Complete Indecision⚠️Gold is currently trading in a horizontal range on a 4-hour chart.
There are two possible scenarios depending on which direction the breakout occurs.
📈In a bullish scenario, if the price breaks above the 2956 resistance and closes above it on a 4-hour chart, I anticipate a bullish movement towards the 2980 level.
📉In a bearish scenario, if the market breaks below the 2916 support and closes below it, a bearish movement towards the 2900 level is expected.
As always, the breakout is the best confirmation, so it is recommended to wait patiently for that.