Update Moment

$4,050 is the level that matters. Above it, daily structure flips bullish and I'm looking for longs toward $4,138. Below it, we're still in the bearish framework from the $4,137 rejection. I have orders at both sides — long trigger at $4,055, short trigger at $3,975. First one to hit gets filled.

One thing I've noticed over 10 years: when everyone agrees on direction, the opposite happens. Right now, the consensus is "gold is bearish until the Fed blinks." That's exactly when you need to watch for reversals. The market rarely rewards the consensus trade.