GOLD IS RISING, BUT SELLERS ARE WATCHINGGOLD (US$/OZ)TVC:GOLDchungngctGold remains in a bullish structure, with no clear sign of a structural break on the lower timeframes. However, after a strong rally, price action has become more difficult: Gold is moving sideways with an expanding range and appears to be forming a broadening pattern. This suggests that the battle between buyers and sellers is becoming more intense. Buyers still control the broader structure, but profit-taking and short-term selling pressure are starting to appear more frequently. š KEY LEVELS TO WATCH 4,690ā4,700 ā 4,650 ā 4,600ā4,590 For now, I am watching how price behaves within this range ahead of important catalysts such as PCE data, comments from Kevin Warsh, and further developments in the U.S. Treasury market. š§ THE MARKET STORY Buyers: The broader uptrend is still on their side. However, after such a strong rally, chasing price at higher levels is becoming increasingly risky. Late buyers: Traders who missed the move from lower levels may become impatient if price fails to pull back deeply enough. This group is more vulnerable to FOMO and chasing the market. Sellers: Early signs of selling pressure are beginning to appear, especially with more bearish candles and stronger price rejections. However, as long as the bullish structure remains intact, it is still too early to confirm a new downtrend. šÆ TRADING IDEA For now, I am not fully leaning toward the bearish side. The move I am watching is whether Gold can show enough weakness to break the short-term structure and create an early SELL opportunity. My preferred scenario for now is continued movement within the 4,590ā4,700 range, with the possibility of liquidity sweeps on both sides before the market chooses its next direction. If price continues to hold its structure and reacts positively around 4,600ā4,590, buyers will remain in control. On the other hand, if price repeatedly fails around 4,650ā4,700 and then breaks the short-term structure, that would be the first signal for me to seriously start watching for SELL opportunities. ā ļø WARNING This is a period that requires extra caution. Buying at current highs offers less advantage, while selling remains premature as long as the bullish structure has not broken. Therefore, I am not rushing to call the next trend yet. For now, I am simply watching how price reacts within the 4,590ā4,700 range and waiting for the market to reveal its next move. Gold is still bullish, but Iām starting to watch whether sellers are preparing for the first meaningful move lower.