A Measured Approach to Gold: Targeting a Bounce within the Current Range

Bonjour, KoraFX community. Leo Petit here, sharing my latest analysis on XAU/USD. The market for Gold has been exhibiting a distinct sideways trend recently, and it's within this context that I've identified a compelling long opportunity. Let me walk you through my analysis, detailing the rationale behind my current trade setup.

Technical Framework and Price Action

Looking at the current market data for XAU/USD, we are seeing the price hovering around 2916.92, following a minor 24-hour