Gold Futures (GC1!) – Accumulation Brewing? Major Move Incoming

Gold has been stuck in a tight range since April, and to me, this looks like a textbook accumulation zone forming on the daily chart.

Price is coiling within a defined box, showing signs of both strength and weakness — classic behavior before a manipulative move (fake breakout) followed by distribution (true direction). This is where many traders get trapped, chasing the first breakout — only to get caught before the actual move begins.

I’m not committed to a direction yet, but here’s my roadmap:

🧠 First breakout = likely trap (manipulation)

🧭 Wait for confirmation of rejection/failure, then prepare for the real move out of the range

This kind of price behavior often precedes explosive volatility, so I’m watching closely for:

False breakouts above or below the box

Volume spikes or traps

Shift in market structure on lower timeframes

📍 No trade for now, but I’ll be reacting — not predicting.

What’s your bias? Do you think the breakout will hold or fake out?