XAUUSD – Gold Pulls Back After FOMC Spike, 4,024 Must Hold
Gold is giving back part of the recent upside move after the strong reaction around the FOMC high.
Price is currently trading around 4,035 after failing to hold above the upper liquidity area. The market is now pulling back into the lower part of the intraday structure, where the buy order zone around 4,024 becomes very important.
This is a clean decision point. If buyers defend this zone, gold may recover again toward 4,066 and 4,101. If the zone fails, sellers may regain short-term control inside the wider channel.
FUNDAMENTAL ANALYSIS
Gold is facing pressure as Middle East tension rises again and the U.S. dollar attracts safe-haven demand.
The renewed U.S.–Iran headlines may keep volatility high. Normally, geopolitical risk can support gold, but when the dollar also strengthens as a safe-haven asset, gold’s upside can become limited.
For now, the chart reaction around 4,024 is more important than chasing the news.
TECHNICAL ANALYSIS – SMC + MARKET STRUCTURE
From an SMC perspective, gold created a strong bullish displacement earlier, sweeping liquidity and pushing toward the FOMC high around 4,116.
However, price failed to continue higher and rejected from the upper channel area. This shows that sellers are still active near the liquidity zone.
The nearest buy order zone is around 4,024. This level is important because it sits near the current intraday support and may decide whether the latest move is only a pullback or the beginning of a deeper correction.
If price holds above 4,024, gold may attempt another recovery toward the sell order zone around 4,066. A clean break above 4,066 could open the path back toward 4,101 liquidity.
But if gold breaks below 4,024 and fails to reclaim it, the bullish reaction becomes weaker and price may continue lower toward the channel support.
KEY PRICE ZONES
Current price: 4,035
Buy order zone: 4,024
Intraday support: 4,024 – 4,035
Sell order zone: 4,066
Liquidity zone: 4,101
FOMC high: 4,116
Bullish continuation above: 4,066
Invalidation for recovery view: Below 4,024
TRADING SCENARIOS
Buy Scenario
Buy Zone: 4,024 – 4,035
Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH
SL: Below 4,024
TP1: 4,066
TP2: 4,101
TP3: 4,116 if momentum continues
Breakout Buy
Condition: Break and hold above 4,066
Target: 4,101 first, then 4,116
Sell Scenario
Sell Zone: 4,066 or 4,101
Entry: Bearish rejection, failed breakout, or lower-timeframe bearish CHoCH
SL: Above the rejection swing high
TP1: 4,035
TP2: 4,024
TP3: Lower channel support if selling pressure expands
Breakdown Sell
Condition: Clean break below 4,024
Target: Lower channel support
MY VIEW
Gold is pulling back, but the structure is not fully broken yet.
The reaction from the FOMC high shows that sellers are defending the upper liquidity area, while buyers now need to protect the 4,024 buy order zone.
For me, this chart is all about patience.
If 4,024 holds, gold may recover toward 4,066 and possibly 4,101.
If 4,024 fails, the market may shift back into a weaker bearish correction.
For now, gold is not clear enough to chase in the middle. The best signal will come from the reaction around 4,024.
Do you think gold will defend 4,024 and recover toward 4,101, or will sellers break this support today?
Gold is giving back part of the recent upside move after the strong reaction around the FOMC high.
Price is currently trading around 4,035 after failing to hold above the upper liquidity area. The market is now pulling back into the lower part of the intraday structure, where the buy order zone around 4,024 becomes very important.
This is a clean decision point. If buyers defend this zone, gold may recover again toward 4,066 and 4,101. If the zone fails, sellers may regain short-term control inside the wider channel.
FUNDAMENTAL ANALYSIS
Gold is facing pressure as Middle East tension rises again and the U.S. dollar attracts safe-haven demand.
The renewed U.S.–Iran headlines may keep volatility high. Normally, geopolitical risk can support gold, but when the dollar also strengthens as a safe-haven asset, gold’s upside can become limited.
For now, the chart reaction around 4,024 is more important than chasing the news.
TECHNICAL ANALYSIS – SMC + MARKET STRUCTURE
From an SMC perspective, gold created a strong bullish displacement earlier, sweeping liquidity and pushing toward the FOMC high around 4,116.
However, price failed to continue higher and rejected from the upper channel area. This shows that sellers are still active near the liquidity zone.
The nearest buy order zone is around 4,024. This level is important because it sits near the current intraday support and may decide whether the latest move is only a pullback or the beginning of a deeper correction.
If price holds above 4,024, gold may attempt another recovery toward the sell order zone around 4,066. A clean break above 4,066 could open the path back toward 4,101 liquidity.
But if gold breaks below 4,024 and fails to reclaim it, the bullish reaction becomes weaker and price may continue lower toward the channel support.
KEY PRICE ZONES
Current price: 4,035
Buy order zone: 4,024
Intraday support: 4,024 – 4,035
Sell order zone: 4,066
Liquidity zone: 4,101
FOMC high: 4,116
Bullish continuation above: 4,066
Invalidation for recovery view: Below 4,024
TRADING SCENARIOS
Buy Scenario
Buy Zone: 4,024 – 4,035
Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH
SL: Below 4,024
TP1: 4,066
TP2: 4,101
TP3: 4,116 if momentum continues
Breakout Buy
Condition: Break and hold above 4,066
Target: 4,101 first, then 4,116
Sell Scenario
Sell Zone: 4,066 or 4,101
Entry: Bearish rejection, failed breakout, or lower-timeframe bearish CHoCH
SL: Above the rejection swing high
TP1: 4,035
TP2: 4,024
TP3: Lower channel support if selling pressure expands
Breakdown Sell
Condition: Clean break below 4,024
Target: Lower channel support
MY VIEW
Gold is pulling back, but the structure is not fully broken yet.
The reaction from the FOMC high shows that sellers are defending the upper liquidity area, while buyers now need to protect the 4,024 buy order zone.
For me, this chart is all about patience.
If 4,024 holds, gold may recover toward 4,066 and possibly 4,101.
If 4,024 fails, the market may shift back into a weaker bearish correction.
For now, gold is not clear enough to chase in the middle. The best signal will come from the reaction around 4,024.
Do you think gold will defend 4,024 and recover toward 4,101, or will sellers break this support today?
تم فتح الصفقة
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Trading is a journey. The destination is mastering yourself
t.me/+qqEvv7Li9Tg2NTE1
t.me/+qqEvv7Li9Tg2NTE1
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.