Where To Next?Gold FuturesCOMEX:GC1!eyeJUK3I am currently focused on the consolidation zone (see the green rectangle) that formed a few days ago. Following a breakout to the upside, price promptly retested and closed yesterday just above the top boundary of that consolidation. However, today’s action saw a failure to sustain outside the zone and a return back into the prior consolidation range. While I hope this view proves incorrect, my expectation is for further weakness in gold over the coming days. Technical considerations driving this outlook: •The breakout lacked follow-through and the retest did not hold beyond the breakout level. •Re-entry into the consolidation zone signals a potential loss of upward momentum and increased risk of a reversal or deeper pull-back. •As traders, given the current structure we should err on the side of caution—if the market cannot sustain above the breakout level, then the likelihood of downside increases. Let’s keep the risk-reward clearly defined—if gold (XAU/USD) fails to reclaim the breakout zone convincingly, I will lean toward short or neutral positioning rather than placing bullish bets under current structure. ⸻ Supporting quote from the latest news: “MCX Gold futures are currently navigating a critical juncture… marked by a retreat from significant trendline resistance and the establishment of a sideways market structure. … The immediate outlook suggests short-term bearish pressure.” I’m sitting out until I can see clear structure and direction.