XAU/USD: High Probability Long Setup as Gold Prepares for Breakout

Current Market Dynamics & Technical Confirmation

Currently, XAU/USD trades at 2923.18, having shown a modest 24h change of 3.18 (0.11%). While the immediate trend appears sideways, confined within the day range of 2918.41 to 2927.94, my analysis points to underlying strength. We are seeing gold consolidate near the upper end of its daily range, holding firmly above the immediate support at 2