Moving to the Day's resistance

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Moving to the Day's resistanceGoldOANDA:XAUUSDIsekaiFxDaily (D1) The overall trend is clearly bullish. There has been an upside breakout on the daily timeframe, which could potentially mark the end of wave 3. Price is now consolidating in what looks like a sideways correction, likely forming wave 4. H1 Price has rebounded from the daily support (lower range of the sideways zone). As long as the short-term uptrend on H1 holds, price should be able to test the upper boundary of the range without much difficulty. m15 Not the best setup for buying at the moment, since price is already close to the daily range resistance. A valid buy could be considered only if a breakout occurs followed by a retracement with a favorable risk–reward setup. For selling, it’s better to wait until a clear downtrend structure forms rather than attempting to counter-trade prematurely. Summary Price is moving within a range until either a breakout or a clearer correction structure develops. Possible approaches are: Trade the range (buy near the lower boundary, sell near the upper boundary). Or wait for a breakout and confirmation of continuation before entering.