Gold remains confined beneath a major descending resistance, preserving the broader bearish structure despite recent consolidation. Price is compressing into a narrowing range, suggesting that a significant directional move may be approaching.

From a structural perspective, two scenarios stand out. The first favors a direct breakdown from the current consolidation, exposing the projected demand zone. The second anticipates a liquidity sweep above local resistance before sellers regain control, resulting in a false breakout and subsequent rejection. While both outcomes remain technically valid, the prevailing trend continues to favor the downside as long as price remains below the macro descending resistance.

The coming sessions should determine whether sellers maintain immediate control or first allow a final liquidity grab before the broader bearish trend resumes.

WESLAD RESEARCH
Probability Over Prediction.