Gold Spot / U.S. Dollar
Short
Aktualisiert

Gold Is Rallying—But Smart Money Wants One More Pullback

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Gold continues to recover after successfully defending the higher-timeframe Order Block around 4,000, printing consecutive Bullish Breaks of Structure (BOS) on the H1 chart. Momentum has clearly shifted in favor of buyers, but price is now approaching the first major supply zone where profit-taking and fresh sell orders may appear.

From a Smart Money Concepts perspective, the market has transitioned from accumulation into expansion. The recent impulsive rally left behind a bullish Fair Value Gap (FVG) near 4,010–4,020, which could become the preferred retracement area if buyers decide to reload before another push higher.

Fundamentally, markets remain focused on expectations surrounding the Federal Reserve's rate path. Investors are also watching upcoming U.S. economic releases and Fed speakers for fresh clues on inflation and interest rates. Any dovish tone or weaker-than-expected economic data would likely support gold, while stronger data could trigger profit-taking after the recent rally.

Technical Outlook (H1)

📈 Bullish Structure

Multiple consecutive BOS confirm buyers remain in control.
Price is trading above the recent Order Block.
Momentum favors continuation while above the latest higher low.

Key Resistance
4,075–4,080 (Supply Zone)
4,098–4,103 (Major HTF Resistance)
Key Support
4,010–4,020 (Bullish FVG)
Psychological support around 4,000
Bullish Scenario

If buyers break and hold above 4,080, gold could continue toward 4,100+, targeting the higher liquidity resting above the previous highs.

Bearish Scenario

If price rejects from resistance, expect a pullback into the 4,010–4,020 FVG. As long as this imbalance holds, buyers may attempt another continuation leg. A sustained break below the FVG would weaken the current bullish structure.

Gold has reclaimed bullish momentum with multiple BOS confirmations. However, the market is approaching a significant supply zone where volatility may increase. Watching how price reacts between 4,075–4,103 will likely determine the next impulsive move.
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+255pip
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