Gold remains under strong bearish pressure after the sharp impulsive selloff and continuation breakdown from the H2 structure.
The current rebound is still considered a corrective recovery while price trades below the short-term descending resistance.
Tonight’s session could become highly volatile with major USD news including Core PCE and Prelim GDP data.
If USD strengthens after the release, gold could continue the bearish expansion toward lower support targets.
However, weaker USD data may trigger a short squeeze recovery before sellers regain control.
The primary scenario remains waiting for a pullback into resistance to look for sell continuation.
The alternative scenario is a stronger bullish recovery if price breaks above the current descending resistance structure.
Sell Recovery Zone
4,430 – 4,445
Target 1
4,352
Target 2
4,303
Alternative Scenario
Bullish breakout above descending resistance
Breakout Confirmation
Above 4,445
Recovery Targets
4,480 – 4,500
Invalidation
Above higher timeframe resistance
BIAS:
Bearish structure remains dominant unless gold breaks above short-term descending resistance 📉
The current rebound is still considered a corrective recovery while price trades below the short-term descending resistance.
Tonight’s session could become highly volatile with major USD news including Core PCE and Prelim GDP data.
If USD strengthens after the release, gold could continue the bearish expansion toward lower support targets.
However, weaker USD data may trigger a short squeeze recovery before sellers regain control.
The primary scenario remains waiting for a pullback into resistance to look for sell continuation.
The alternative scenario is a stronger bullish recovery if price breaks above the current descending resistance structure.
Sell Recovery Zone
4,430 – 4,445
Target 1
4,352
Target 2
4,303
Alternative Scenario
Bullish breakout above descending resistance
Breakout Confirmation
Above 4,445
Recovery Targets
4,480 – 4,500
Invalidation
Above higher timeframe resistance
BIAS:
Bearish structure remains dominant unless gold breaks above short-term descending resistance 📉
Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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.
Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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.