XAUUSD – Sideway Before a Major Dump?GoldOANDA:XAUUSDMMFlowTradingGold opened the week with a sharp correction, even as geopolitical tensions around Iran continue to escalate and oil prices push higher. Interestingly, gold is not attracting strong safe-haven demand at the moment. Instead, the strong recovery in the USD is putting increasing pressure on the metal. This suggests that the market may currently be pricing in dollar strength rather than geopolitical risk. 🔍 Technical Perspective On the chart, price is currently trading inside a sideways range after the recent sell-off. Key structure shows that gold could continue ranging inside this zone, potentially moving back toward the upper resistance area before the next major move. Key levels to watch: Resistance 5155 – 5190 Mid resistance 5113 Support 5037 📉 Bearish Scenario If price revisits the upper resistance zone and fails to break higher, this could trigger a strong rejection move. That rejection could lead to a liquidity sweep toward the 499x region, with potential continuation even lower if momentum accelerates. This would confirm the idea of sideway accumulation before a major dump. ⚠️ Market Context • USD strength is increasing • Gold safe-haven demand remains weak • Liquidity may still be building inside the range Because of this, the market could trap late buyers near resistance before the next bearish expansion. 🔥 Trader question Do you think gold will break higher from this range or is this just a setup for a deeper dump toward 499x? Share your view below 👇