Will gold continue to rise today?GOLD (US$/OZ)TVC:GOLDPrecise-MrkStrategic Outlook: Today's focus is squarely on the 4585 weekly high. With the H4 Bollinger Bands currently contracting, we are at a critical volatility squeeze. The Bullish Breakout: A clean break above 4585 will force the Bollinger Bands to expand, potentially triggering a massive unilateral rally toward 4650 and 4765. The Rangebound Scenario: Failure to clear 4585 keeps us in a low-level consolidation. Initial defense sits at 4525, with the 4500 "Bull/Bear Divide" acting as the ultimate line in the sand. 📉 Intraday Trading Plan 1. Tactical Short (Bearish) Entry Zone: 4560 – 4570 Stop Loss (SL): 4581 Target (TP): 4530 – 4520 2. Strategic Long (Bullish) Entry Zone: 4500 – 4495 (First test only) Stop Loss (SL): 4479 Target (TP): 4530 – 4540 Pro Tip: We are shifting focus to Mid-term swings. Scalping for less than 10 points is high-risk in this current H4 squeeze. Patience is the play.