Gold has been stuck in a tight range since April, and to me, this looks like a textbook accumulation zone forming on the daily chart.
Price is coiling within a defined box, showing signs of both strength and weakness — classic behavior before a manipulative move (fake breakout) followed by distribution (true direction). This is where many traders get trapped, chasing the first breakout — only to get caught before the actual move begins.
I’m not committed to a direction yet, but here’s my roadmap:
🧠 First breakout = likely trap (manipulation)
🧭 Wait for confirmation of rejection/failure, then prepare for the real move out of the range
This kind of price behavior often precedes explosive volatility, so I’m watching closely for:
False breakouts above or below the box
Volume spikes or traps
Shift in market structure on lower timeframes
📍 No trade for now, but I’ll be reacting — not predicting.
What’s your bias? Do you think the breakout will hold or fake out?
Price is coiling within a defined box, showing signs of both strength and weakness — classic behavior before a manipulative move (fake breakout) followed by distribution (true direction). This is where many traders get trapped, chasing the first breakout — only to get caught before the actual move begins.
I’m not committed to a direction yet, but here’s my roadmap:
🧠 First breakout = likely trap (manipulation)
🧭 Wait for confirmation of rejection/failure, then prepare for the real move out of the range
This kind of price behavior often precedes explosive volatility, so I’m watching closely for:
False breakouts above or below the box
Volume spikes or traps
Shift in market structure on lower timeframes
📍 No trade for now, but I’ll be reacting — not predicting.
What’s your bias? Do you think the breakout will hold or fake out?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.