The next big opportunity for gold lies in a decisive breakout from the current range. In my subjective judgment, gold prices might oscillate repeatedly within the wide range of 4690-5150, nearly 10% (optimistically, maybe a month?). We need to patiently wait for it to form a clear structure during the consolidation: predicting the direction of the next trend through changes in consecutive highs (HH) and lows (LL). If the price pattern shows higher highs and higher lows (HH, HL), go long. If the price pattern shows lower highs and lower lows (LH, LL), go short. For now, I’m leaning more towards looking for high-risk-reward shorting opportunities when the rebound shows weakness.