GOLD TRAP DOWN? 4900?GoldOANDA:XAUUSDX_GoldenBoy_XHi, I’m Maicol, an Italian trader. I study Gold since 2019. I need your support. Leave a like and follow me. It’s a small thing for you, but important for my work. Please read the description to understand the trading plan. Don’t focus only on the chart. Thanks. 🌞 GOOD MORNING EVERYONE 🌞 Gold is consolidating around the 5k area ahead of FOMC. At the moment it’s respecting liquidity traps well, but still lacks clear direction. What I’d like to see is a sweep below the lows around 4940–4900, then potentially look for longs if there are confirmations. For now I have some misalignment across my entry timeframes, so I’m waiting, but I’ll be looking for downside moves into Powell’s speech, then I’ll adjust accordingly. Macro news: Gold has clearly shifted into a waiting phase ahead of central bank decisions (Fed, BoE, ECB). The market is currently range-bound, as shown on the chart, with participants waiting for: FOMC decision + dot plot Monetary policy signals from ECB and BoE Developments in the Middle East This is a classic pre-event compression phase → likely expansion within 24–48 hours. 🔍 Reminder 🔍 I avoid trading during the Asian and London sessions. I focus on the 14:30 news and the New York open at 15:30. 🔔 Turn on notifications so you don’t miss anything. 📬 If you have any questions, message me. I’ll reply. In the meantime, have a good day. -GOOD TRADING -MANAGE RISK -BE PATIENT