Gold is trading around 4,290 after recovering from the recent H1 low.
Price is compressing between short-term trend structures, while the larger recovery still needs confirmation above resistance.
Macro News
A stronger U.S. dollar and rising Treasury yields continue to pressure Gold. Markets are also pricing a higher chance of another Fed rate hike in October, keeping the higher-for-longer story in focus.
The simple read
The 4,268–4,275 area is the key retest zone.
If buyers defend this trend support, Gold may recover toward 4,307–4,319 first.
A clean break above 4,319 could open the way toward 4,333 and later the stronger 4,360–4,370 resistance.
If the retest fails, downside pressure may return toward the 4,244 structure low.
Key price zones
4,268–4,275 — trend retest support
4,307–4,319 — first resistance
4,333 — next resistance
4,360–4,370 — strong sell resistance
4,244 — major support
H1 is trying to recover, but buyers still need to prove control.
I prefer the lower retest rather than chasing price at 4,290.
Can buyers defend 4,27x and push Gold back toward 4,333?
Price is compressing between short-term trend structures, while the larger recovery still needs confirmation above resistance.
Macro News
A stronger U.S. dollar and rising Treasury yields continue to pressure Gold. Markets are also pricing a higher chance of another Fed rate hike in October, keeping the higher-for-longer story in focus.
The simple read
The 4,268–4,275 area is the key retest zone.
If buyers defend this trend support, Gold may recover toward 4,307–4,319 first.
A clean break above 4,319 could open the way toward 4,333 and later the stronger 4,360–4,370 resistance.
If the retest fails, downside pressure may return toward the 4,244 structure low.
Key price zones
4,268–4,275 — trend retest support
4,307–4,319 — first resistance
4,333 — next resistance
4,360–4,370 — strong sell resistance
4,244 — major support
H1 is trying to recover, but buyers still need to prove control.
I prefer the lower retest rather than chasing price at 4,290.
Can buyers defend 4,27x and push Gold back toward 4,333?
Trade closed: target reached
Gold respected the 4,314 sell zone and rejected sharply, following the bearish plan as expected. Price then extended lower into the 4,255 area, completing a retest of the lower rising trendline. This confirms that the sell reaction was valid while the short-term structure remained under pressure below resistance. The 4,255 trendline zone is now the key area to watch for the next response. A clean hold could trigger a recovery attempt, while weakness below it may expose deeper support.
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🌸Tiara PrimeGold·XAUUSD·Price Action made simple
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Daily analysis update real time London & NY session
t.me/+9K3kUAe9Y0kzYzA1
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
t.me/+9K3kUAe9Y0kzYzA1
Daily analysis update real time London & NY session
t.me/+9K3kUAe9Y0kzYzA1
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.