Gold: Bottom in Sight – 4800 After This Dip

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Gold: Bottom in Sight – 4800 After This DipGoldOANDA:XAUUSDEdgeWalker_The market is currently consolidating within a triangle pattern, with overhead resistance remaining evident and lower highs continuing to form. On the 4H timeframe, while the corrective phase is not yet complete, the downside momentum has shown clear signs of slowing. The key focus now shifts to the construction of a near-term bottom — which could materialize as early as tomorrow or as late as next Wednesday, with a conservative estimate placing it in the 4520–4500 zone. Once that base is established, the next target will be around 4800.