Gold — Quiet Consolidation as Market Awaits DirectionGoldOANDA:XAUUSDMihai_IacobYesterday was a relatively quiet session for Gold traders, with price fluctuating inside a tight range and showing limited directional momentum. As seen on the chart, after the drop from the 5250 zone — a move that also filled Monday’s opening gap — buyers stepped back in and pushed price once again above the 5200 level. However, following another decline during the Asian session toward 5145, Gold is now trading in the middle of the range, offering little immediate opportunity. 🔎 Current Structure The broader structure since the beginning of February remains bullish. Recent price action is compressing into what resembles a symmetrical triangle, formed above the former 5100 resistance, which is now acting as support. This type of consolidation often precedes expansion. 📈 Bullish Scenario A break and stabilization above 5220 could trigger upside acceleration, with a measured technical target around: 🎯 5350 zone ⚠️ Bearish Alternative At the same time, uncertainty remains. If price breaks back below 5140, the recent upside move risks becoming a false breakout, opening the door for a deeper correction toward the key psychological level near: ➡️ 5000 ✅ Conclusion At the moment, the market lacks confirmation in either direction. I remain patient and waiting for clarification, allowing price to move from consolidation into a clearer opportunity before taking a position. 🚀