Continuation of elevated uncertainty could bring volatility in the gold market.
XAU/USD short-term forecast
In the shorter time frame, sideways trading may persist within the 3280.00 to 3382.00 range, indicating a phase of consolidation as market participants await clearer directional cues. This suggests that neither buyers nor sellers currently have enough momentum to break the established boundaries, leading to choppy price action and low conviction moves.
XAU/USD daily charts review
Bullishness may push gold closer to 3700.00 if tensions in global markets persist. If bearishness occurs, significant price moves toward 3000.00 may be considered highly plausible.Daily Candle Chart
Read More: Technical Analysis
Traders going short
47.74 % of volume was in long positions. Traders are going short.
Meanwhile, in the 1000 point range around the latest price, the pending orders were 25% to sell the metal.