I lean bearish but due to the ranging condition and this being a major holiday week, I don’t have a clear bias outside of how far price might travel on the breakout.
Going back to my Supply & Demand roots for old times sake.
I myself am leaning towards long in the grander scheme of things but could potentially see a selloff into that demand zone you have marked up.
But I do see price ranging within this small box for the next few days due to the US bank holiday.
XAUUSD is especially hard to predict due to erratic price movements. Price often abruptly changes direction so near-term predictions on Gold often look like a gamble