XAUUSD – Intraday Pullback & Continuation Setup | Lana ✨
Gold is entering a technical correction phase after testing the ATH zone, while the medium-term bullish structure remains intact. Today’s move looks more like a controlled pullback to rebalance liquidity, not a trend reversal.
📉 Current Price Behaviour
Price has reacted from the ATH supply zone, forming a short-term lower high.
The market is currently testing the rising trendline, which is a key dynamic support in this bullish cycle.
As long as price holds above structural support, the broader bias stays bullish.
This correction is technically healthy after a strong impulsive leg.
🔑 Key Technical Zones to Watch
Sell test / rejection zone: ATH area
Short-term sellers are active here, causing the current pullback.
Buy zone 1: 4495 – 4498
A former value level and trendline confluence zone, suitable for reaction buys.
Buy zone 2: 4442 – 4446
Stronger support and deeper liquidity area if the pullback extends.
These zones are where buyers are expected to step back in.
📈 Trading Scenarios
Primary scenario:
Wait for price to complete the pullback into 4495–4498, then look for bullish confirmation to rejoin the trend.
Alternative scenario:
If sell pressure increases, the 4442–4446 zone becomes the key level to watch for stronger buy reactions.
A clean hold above the trendline keeps the upside structure valid, with ATH retest as the next objective.
🌍 Fundamental Context
According to CME FedWatch, the market is pricing in a 95% probability that the Fed keeps interest rates unchanged in January.
The probability of a January rate cut remains very low at 5%.
Expectations for March also lean toward no change, with rate cuts still uncertain.
This reinforces a stable macro backdrop for gold, where pullbacks are more likely to be driven by profit-taking and positioning, rather than a shift in monetary policy.
🧠 Notes
This is a pullback within an uptrend, not a bearish reversal.
Focus on buying value, not chasing highs.
Let price confirm at key zones before entering.
✨ Stay patient, respect the structure, and let the market come to your levels.
Gold is entering a technical correction phase after testing the ATH zone, while the medium-term bullish structure remains intact. Today’s move looks more like a controlled pullback to rebalance liquidity, not a trend reversal.
📉 Current Price Behaviour
Price has reacted from the ATH supply zone, forming a short-term lower high.
The market is currently testing the rising trendline, which is a key dynamic support in this bullish cycle.
As long as price holds above structural support, the broader bias stays bullish.
This correction is technically healthy after a strong impulsive leg.
🔑 Key Technical Zones to Watch
Sell test / rejection zone: ATH area
Short-term sellers are active here, causing the current pullback.
Buy zone 1: 4495 – 4498
A former value level and trendline confluence zone, suitable for reaction buys.
Buy zone 2: 4442 – 4446
Stronger support and deeper liquidity area if the pullback extends.
These zones are where buyers are expected to step back in.
📈 Trading Scenarios
Primary scenario:
Wait for price to complete the pullback into 4495–4498, then look for bullish confirmation to rejoin the trend.
Alternative scenario:
If sell pressure increases, the 4442–4446 zone becomes the key level to watch for stronger buy reactions.
A clean hold above the trendline keeps the upside structure valid, with ATH retest as the next objective.
🌍 Fundamental Context
According to CME FedWatch, the market is pricing in a 95% probability that the Fed keeps interest rates unchanged in January.
The probability of a January rate cut remains very low at 5%.
Expectations for March also lean toward no change, with rate cuts still uncertain.
This reinforces a stable macro backdrop for gold, where pullbacks are more likely to be driven by profit-taking and positioning, rather than a shift in monetary policy.
🧠 Notes
This is a pullback within an uptrend, not a bearish reversal.
Focus on buying value, not chasing highs.
Let price confirm at key zones before entering.
✨ Stay patient, respect the structure, and let the market come to your levels.
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