Gold Retesting Trendline — Breakout Building or Fake Move?

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Gold is trading around 4,770 – 4,780, holding gains after recent recovery as markets stabilize following geopolitical tension and mixed USD strength.

Recent developments show:
• US–Iran tension remains unresolved but no major escalation
• USD slightly stable → limiting gold momentum
• Market shifting focus toward upcoming US data (PPI / Fed tone)

Technical Overview (H1):
Price has broken short-term structure and is now retesting the descending trendline + FVG zone (4,723 – 4,749).

This is a key decision area.

Key Levels:
• Support: 4,723
• Retest zone: 4,740 – 4,749
• Resistance: 4,800
• Upside target: 4,858

Scenarios:

Bullish:
If price holds above FVG and reclaims 4,800
→ continuation toward 4,850+

Bearish:
If rejection from trendline continues
→ pullback toward 4,723 → deeper sweep lower

Market Insight:
Price is no longer in panic sell — now in retest phase.
The real move comes after this compression.

Question:
Is this the breakout retest… or just another trap before liquidity sweep?
Operación activa
imagen

Sell ​​reaction +263 pips
Nota
Better-than-expected PPI data puts pressure on the USD, supporting a rise in gold prices.
Nota
Sory worse-than-expected PPI data put pressure on the USD, supporting the upward trend in gold prices.
Operación cerrada: objetivo alcanzado
imagen

Gold is holding strong near highs after PPI came weaker than expected → USD weakens → supports gold upside

At the same time, oil is dropping on renewed US–Iran peace hopes, reducing inflation pressure and boosting risk sentiment.

GOLD TARGET REACHED +1190PIP - GOOD LUCK TRADER!

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