XAU/USD: Navigating Sideways Structure for a Swing Long Opportunity

Market Structure and Key Levels

Gold (XAU/USD) is currently trading around 2916.72, experiencing a sideways trend over the last 24 hours, with a slight decrease of -0.11%. The daily range has been confined between 2911.81 and 2921.64, indicating consolidation. From a technical perspective, the immediate support at 2911.81 has been tested multiple times without a decisive break lower. This level, combined with the broader support zone around 2850, suggests a resilient floor