Gold is trading around $4,394 after extending the post-FOMC recovery and breaking above the descending H1 trendline. The latest expansion has already produced a bullish BOS, showing that short-term order flow is shifting away from the previous bearish delivery structure.
The macro backdrop has also improved for Gold in the near term. Gold rebounded more than 2% on Thursday as the U.S. dollar and Treasury yields retreated from their post-Fed highs, while easing oil prices reduced some immediate inflation pressure. The U.S. 10-year yield has since stabilized near 4.94%, and Brent has eased toward $103–104. However, the Fed’s recent 25 bp hike and its signal that further tightening remains possible still limit the strength of the broader bullish case.
SMC View
The key technical development is the breakout above the descending trendline, followed by bullish BOS around the $4,390 area.
Buy-side liquidity around the previous internal highs has already been taken, confirming displacement through the former resistance structure. The cleaner continuation setup is therefore not to chase the current expansion, but to wait for price to retrace into the broken trendline and rebalance before looking for another bullish leg.
The $4,320–$4,340 Retest Trendline zone is the main bullish POI. If this area holds and produces a bullish MSS or CHOCH, the next liquidity draw sits above current price.
Main Trading Scenario
Buy Priority: $4,320–$4,340
Condition: Wait for Gold to retrace into the broken trendline / retest zone and show clear bullish rejection. A lower-timeframe bullish MSS or CHOCH should confirm that buyers are defending the new structure.
Entry: $4,320–$4,340 after confirmation
SL: Below $4,305 and the retest structure
TP1: $4,425–$4,440
TP2: $4,478–$4,495
Key Zones to Watch
$4,390–$4,400 — Bullish BOS / current resistance
$4,425–$4,440 — External BSL / secondary target
$4,478–$4,495 — Premium BSL / major upside draw
$4,320–$4,340 — Main trendline retest POI
Below $4,305 — Immediate bullish setup weakens
Prime Gold View
The H1 structure has improved materially after the trendline breakout and bullish BOS, but price is already trading close to short-term resistance.
The higher-quality buy remains a controlled retracement into $4,320–$4,340, followed by bullish confirmation. If buyers protect that structure, Gold could continue toward $4,425–$4,440 first, with the larger $4,478–$4,495 Premium BSL remaining the main upside liquidity objective.
No confirmation, no trade.
The macro backdrop has also improved for Gold in the near term. Gold rebounded more than 2% on Thursday as the U.S. dollar and Treasury yields retreated from their post-Fed highs, while easing oil prices reduced some immediate inflation pressure. The U.S. 10-year yield has since stabilized near 4.94%, and Brent has eased toward $103–104. However, the Fed’s recent 25 bp hike and its signal that further tightening remains possible still limit the strength of the broader bullish case.
SMC View
The key technical development is the breakout above the descending trendline, followed by bullish BOS around the $4,390 area.
Buy-side liquidity around the previous internal highs has already been taken, confirming displacement through the former resistance structure. The cleaner continuation setup is therefore not to chase the current expansion, but to wait for price to retrace into the broken trendline and rebalance before looking for another bullish leg.
The $4,320–$4,340 Retest Trendline zone is the main bullish POI. If this area holds and produces a bullish MSS or CHOCH, the next liquidity draw sits above current price.
Main Trading Scenario
Buy Priority: $4,320–$4,340
Condition: Wait for Gold to retrace into the broken trendline / retest zone and show clear bullish rejection. A lower-timeframe bullish MSS or CHOCH should confirm that buyers are defending the new structure.
Entry: $4,320–$4,340 after confirmation
SL: Below $4,305 and the retest structure
TP1: $4,425–$4,440
TP2: $4,478–$4,495
Key Zones to Watch
$4,390–$4,400 — Bullish BOS / current resistance
$4,425–$4,440 — External BSL / secondary target
$4,478–$4,495 — Premium BSL / major upside draw
$4,320–$4,340 — Main trendline retest POI
Below $4,305 — Immediate bullish setup weakens
Prime Gold View
The H1 structure has improved materially after the trendline breakout and bullish BOS, but price is already trading close to short-term resistance.
The higher-quality buy remains a controlled retracement into $4,320–$4,340, followed by bullish confirmation. If buyers protect that structure, Gold could continue toward $4,425–$4,440 first, with the larger $4,478–$4,495 Premium BSL remaining the main upside liquidity objective.
No confirmation, no trade.
Transaction en cours
Gold followed the bullish plan cleanly, reacting from the marked trendline retest zone and extending approximately +562 pips higher.
The rebound confirmed that buyers defended the reclaimed structure, while the bullish MSS and BOS supported continuation toward the $4,390–$4,400 resistance area. Price is now testing the first upside objective, so chasing fresh longs becomes less attractive. If acceptance above this zone develops, the next liquidity draw remains the $4,425–$4,440 External BSL.
No confirmation, no trade.
Gold · SMC · 5+ years. t.me/+JeDxIVs2BAs0NThl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+JeDxIVs2BAs0NThl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+JeDxIVs2BAs0NThl
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Gold · SMC · 5+ years. t.me/+JeDxIVs2BAs0NThl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+JeDxIVs2BAs0NThl
Reading institutional footprints in XAUUSD — Order Blocks · FVG · Liquidity · Structure. Weekly outlook every Monday. Where smart money leads, we follow
t.me/+JeDxIVs2BAs0NThl
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.