GOLD Consolidation bullish Trading range

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GOLD Consolidation bullish Trading range Gold vs US DollarICMARKETS:XAUUSDMR_GOLD_12Gold is currently trading inside a key demand/support zone after a strong upward move, showing signs of consolidation before its next major direction. If the price move will largely depend on the strength of the US Dollar (USD) and upcoming US economic news. If the USD weakens due to lower inflation, weak employment data, or expectations of Federal Reserve rate cuts, gold is likely to continue higher. On the other hand, if the USD strengthens because of strong economic data or a hawkish Federal Reserve. Resistance ; 4180 / 4210 Support ; 4100 / 4080 Technically, gold remains in a short-term consolidation after its recent recovery, with market makers likely targeting liquidity on both sides before the next impulsive move. A corrective decline into the 4100–4080 support zone could provide fresh buying opportunities and trigger another bullish leg toward 4160, while a sustained breakout above this level would expose the 4210 liquidity zone. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.