Gold's Current Consolidation: Setting Up for a Measured Breakout

Hello everyone, Oliver Patel here from Leeds. Let me walk you through my analysis on XAU/USD, or Gold, which has caught my eye this morning. While we're currently seeing a sideways trend, I believe there's a compelling long setup emerging for a position trade, provided we stick to our strict risk management.

Technical Read: Navigating the Immediate Range

The current market data shows Gold trading at 2921.41, with a relatively flat 24-hour change