XAU/USD: Gold's Consolidation Nears Breakout – Time for a Bullish Position Play

Market Structure and Technicals

The XAU/USD pair is currently trading at 2917.18, exhibiting a clear sideways trend within a tight daily range between 2912.95 and 2921.41. Despite the -0.1% change over the past 24 hours, my analysis suggests this horizontal movement is a phase of accumulation rather than distribution. We are consolidating right