Gold's chart is painting an interesting picture right now. That small-range inside candle forming just below the rising wedge's overhead resistance? Classic textbook move—signals short-term hesitation, not weakness. There's a big difference.

After a solid advance, what we're seeing here is bulls taking a breath, not backing down. From a market psychology angle, this pause makes total sense. The price action is tight, confined—traders are genuinely uncertain about the next leg up. Will it break through? Or pull back?

That's the real tension. The resistance overhead isn't just a number on the chart; it's a psychological barrier. When price gets wedged up against it like this, you typically see consolidation before the big move. Whether that move breaks north or reverses south depends on what happens next. The market's waiting. So should we.