Yesterday, oil saw a strong selloff after breaking below the $100 area and continuing to test the $90 demand zone with wide volatility. That weakness in oil helped gold trigger a significant recovery rally.
Gold has now successfully broken above the 466X resistance zone, confirming a short-term double bottom structure and continuing to push toward higher resistance levels.
Personal View
At the moment, I still prefer looking for BUY opportunities on pullbacks.
However, I also expect deep liquidity sweeps before price continues moving higher.
Buy / Support Zones
4660 | 4640 | 4600–4610 | 4583–4584
Key Structure Zone
4545 → key level holding the bullish market structure
Resistance
4772 | 4795 | 4800
Potential extension toward: 488X
Bias
Prefer buying dips instead of chasing breakouts
Be cautious of long downside wick sweeps
Short-term sell scalps are possible near higher resistance zones
Main Idea
Right now, the market looks more like a slow bullish grind higher rather than an explosive breakout.
As long as 4545 holds, buyers still control the short-term structure.
For now, price may continue stair-stepping higher while waiting for tomorrow’s Nonfarm catalyst.
“Strong trends rarely move in straight lines — they shake out impatient traders first.”
Do you think gold will continue grinding higher — or make another deep sweep into support before the next move?
Gold has now successfully broken above the 466X resistance zone, confirming a short-term double bottom structure and continuing to push toward higher resistance levels.
Personal View
At the moment, I still prefer looking for BUY opportunities on pullbacks.
However, I also expect deep liquidity sweeps before price continues moving higher.
Buy / Support Zones
4660 | 4640 | 4600–4610 | 4583–4584
Key Structure Zone
4545 → key level holding the bullish market structure
Resistance
4772 | 4795 | 4800
Potential extension toward: 488X
Bias
Prefer buying dips instead of chasing breakouts
Be cautious of long downside wick sweeps
Short-term sell scalps are possible near higher resistance zones
Main Idea
Right now, the market looks more like a slow bullish grind higher rather than an explosive breakout.
As long as 4545 holds, buyers still control the short-term structure.
For now, price may continue stair-stepping higher while waiting for tomorrow’s Nonfarm catalyst.
“Strong trends rarely move in straight lines — they shake out impatient traders first.”
Do you think gold will continue grinding higher — or make another deep sweep into support before the next move?
📊 XAUUSD & Forex Trading📈 Intraday setups – risk-managed⏱️ Live alerts + technical reasoning🧠 Consistency over hype📌 Trade the plan. Manage the risk.👉 Full signals & real-time insights
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📊 XAUUSD & Forex Trading📈 Intraday setups – risk-managed⏱️ Live alerts + technical reasoning🧠 Consistency over hype📌 Trade the plan. Manage the risk.👉 Full signals & real-time insights
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.