Gold - accumulation phase before major newsGold Ounce vs US DollarFXPRO:XAUUSDjohnnyjibbs As we consolidate waiting for major news to come out on Wednesday 10th December here's my current take on where price may go. We're in a major type 2 dealing range at the moment created when Gold topped out at all-time highs and created relative equal highs in mid-October. We have been in a bullish run since the initial dip and recently created more equal highs around 4260 which are likely to be taken either before the next move or after. Since we are currently in an efficient price range there's a strong chance that price may seek out the major imbalanced demand around the 4050-4100 level, watching out for a reversal in that area before a large distribution higher, possibly towards all-time highs. If price closes below 4000 then outlook flips more bearish in the medium term.