The analyst discusses a daily chart for gold (XAUUSD). He refers to a previously drawn chart showing gold trading within a rectangle. A daily close below this rectangle preceded a downward movement. The market rejected that area several times and now there is a bullish candle pattern. The analyst is waiting for the current candle to close within the next 10 hours before determining the next market movement. If it closes above the previous candle, a gap may be filled to a price around 4300. He mentions a potential pressure on gold due to rate cuts and a China-US deal. Also buyers and sellers are in conflict. He suggests waiting for the daily closing candle before making any trading decisions. Current price is approximately 3999.