Commodities
Gold Price Stuck in Neutral as Market Awaits Directional Confirmation
The XAU/USD price has been hovering around the 0.786 Arc within its current cycle, indicating that directional confirmation has not yet been established.
This is according to the Arc Cycle Analysis applied to the 2h chart, which suggests that the market remains neutral and undecided.
The analysis states that the preferred approach is to await confirmation before anticipating the next significant move, as the primary target zone and scenario confirmation are not applicable at this time.