Gold has been retesting and accumulating buy orders in this higher time frame demand zone.
Along side with Global central banks gold purchases. Feds holding rates steady. IF inflation continues to trend down and there is no more supply disruptions. We can see Feds holding rates steady for the rest of the year with 1 rate cut - which is data dependent and risks of geopolitical tensions.

Gold has been consolidating for the better part of 2 months.

In the past 2 months, we have been seeing tug of war with US - Iran tensions. US - Iran going back and forth with peace deals and further escalations. Economic data is showing us that inflation has peaked, with previous CPI and PPI data coming out well below bank forecasts.

In the upcoming week, we have Economic data being released throughout the week. Focusing on PMI Data and Labor Market;

03 - ISM Manufacturing PMI
04 - Jolts Job Openings
05 - ISM N-Mfg PMI
06 - Jobless claims
07- NFP, Average Earnings YoY, and Unemployment Rate

Will be patiently for price set ups with first AOI being 4020 and second AOI being 4000. New monthly wick creations to the downside.