Gold Stays Silent Before the Big BreakGoldOANDA:XAUUSDKairo_VexenHello traders! 👋 The gold market is taking a breather after a period of strong volatility, reflecting investors’ clear sense of caution. On the 4H chart, XAUUSD is moving sideways within a tight range between $3,980 – $4,000/oz, maintaining a neutral structure. Selling pressure appears each time price hits the descending trendline, while buyers quickly step in near the $3,950 – $3,970 support zone. From the news side, gold remains steady at the start of the week as the market awaits the upcoming U.S. ADP employment and ISM PMI data — two key factors that could influence whether the Federal Reserve will cut rates again this year. Meanwhile, China’s decision to end its long-standing tax exemption for gold retailers could slow physical demand from the world’s largest consumer, subtly weighing on prices. This environment keeps buyers cautious while sellers gradually gain technical control. If price fails to break above $4,000, the current contracting triangle could break to the downside, targeting around $3,850 as the next key level. In summary, gold is consolidating in a sideways pattern with a slightly bearish bias. Traders should closely watch how price reacts around the $3,950–$4,000 zone — a decisive break could set the tone for the next major move in the coming sessions.