Global news might have us Stalling on Gold!

Chart Context (MGC Futures, H1/H4)

Price stalled out after rejecting the H4 bearish zone (3791.4–3769.9).

Yesterday’s downside move lost steam before fully reaching the deeper H4 bullish demand (3746.3–3735.2).

We’re now compressing between Daily High (3792.1) and Daily Low (3752.0).

Fundamentals:

U.S. geopolitical/military headlines (Defense Secretary Pete Hegseth ordering hundreds of generals/admirals to an urgent meeting at Quantico, Sep 30) are creating uncertainty, which could trigger safe-haven flows in gold.

Bias Going Into Friday:

Watching for liquidity sweep of yesterday’s lows (~3752/DL). If swept and reclaimed, could trigger bullish continuation.

Alternatively, a clean break & hold above yesterday’s high (~3792/DH) sets up momentum longs targeting 3812+ (previous imbalance).

No trade in the middle of the chop — patience until liquidity is taken on one side.