Gold Turning Bearish Ahead of Key News – Watch for Major Moves!

Upon further review, it appears I was initially mistaken in my bullish outlook. Gold is expected to tap into the 2519 bearish order block, which will likely trigger a reversal during the London session, potentially driving prices lower, all the way to 2502. However, I still think we could see some consolidation ahead of upcoming news, but the overall very short-term outlook for gold has turned bearish.