XAU Gold 4081 now https://www.binance.com/en/futures/XAUUSDT?_from=markets&ref=GMGNX dyor - Price is sitting right in the middle of a bunch of moving averages. This looks like a market waiting to pick a direction. The longer it stays sideways and the lower the volume gets, the bigger the breakout could be. But we don't have a clear direction yet. The recent moves are mainly driven by the drop in US bond yields and the dollar after the US midterm elections, along with short covering after last week's sharp drop. Stronger-than-expected US jobs data has raised expectations that the Fed will keep rates high to fight inflation, putting pressure on gold. Central bank buying is still providing strong support. China's central bank added 83,000 ounces of gold in October, marking its 24th straight month of buying. That's why buyers keep stepping in whenever gold drops to the 4020-4030 area. The daily MACD golden cross points to a bullish mid-term trend, while short-term rate concerns are keeping prices in a range. So buying the dips looks better than chasing the highs, and much better than shorting in the middle of the range. Trade setup: Entry: 4040-4053, wait for a pullback with lower volume and signs of support. Confirmation: On the 15m chart, price stops making new lows. Stop loss: 4020. Take profit: 4150.