Gold looks interesting again.Gold FuturesCOMEX_DL:GC1!jonlorquetGold has successfully worked off its prior overbought condition through a period of sideways consolidation rather than a corrective drawdown. This resilience—marked by the metal’s unwillingness to print lower lows—points to a constructive setup. Technical Setup Support: The 50-day EMA has held as a key support level, reinforcing the bullish bias. Breakout Potential: Should price resolve higher out of the current range, the move could prove sharp and decisive given the stored energy of consolidation. Breadth Confirmation: While gold has moved sideways, GDX (miners) has already pushed to fresh highs, and silver is breaking out, signaling strong cross-complex participation. Thematic Takeaway The broad alignment across gold, silver, and miners suggests a healthy underlying bid for the precious metals complex. This type of breadth historically strengthens the case for sustained upside momentum rather than an isolated rally.