XAUUSD is trading around 4,036 after forming a short-term base above the 4,012 buy order zone. Price is still below the descending trendline, but the current structure shows that buyers are trying to defend the lower support area.
The priority view is bullish recovery, as long as gold holds above 4,012 and breaks the 4,065 resistance with clear confirmation.
Technical View
Gold is currently moving inside a short-term corrective structure after the previous bearish move. However, the selling pressure is slowing down around the 4,012 buy order zone, where price has started to build a stronger reaction base.
The 4,012 area is the most important support on this chart. If gold pulls back into this zone and holds, it may confirm a higher low before the next bullish leg. This would support the idea that buyers are preparing for a recovery move.
The descending trendline is still acting as the main resistance. Price needs to break above this trendline and the 4,065 resistance level to confirm stronger bullish momentum. Without this breakout, the recovery may remain limited.
The 4,065 level is the first key resistance. A clean breakout and retest above this level may open the way toward the 4,119 sell order resistance zone. This is the main upside target marked on the chart.
If buyers continue to control the structure above 4,065, gold may extend higher toward the Fibonacci resistance area above 4,119. But the first important step is still confirmation above the trendline.
Key Zones
Current price: 4,036
Main buy order zone: 4,012–4,020
Short-term support: 4,020–4,030
Breakout resistance: 4,065
Descending trendline resistance: 4,060–4,070
Sell order resistance: 4,119–4,125
Higher Fibonacci target: 4,145–4,160
Invalidation: below 3,980
Trading Plan
Buy Priority: 4,012–4,020
Condition: wait for bullish rejection, higher low formation, or price holding above the buy order zone before looking for continuation.
SL: below 3,980
TP1: 4,065
TP2: 4,119–4,125
TP3: 4,145–4,160
Alternative Scenario
If gold breaks above 4,065 directly, wait for a retest of this level as support before looking for buy continuation toward 4,119. A clean hold above 4,065 would confirm that the short-term recovery is gaining strength.
Sell View
Sell is not the priority while price holds above 4,012. A short-term sell reaction may appear around 4,065 or 4,119, but it should only be treated as a correction unless gold breaks below 3,980.
Final View
Overall, gold is still below the descending trendline, but the price action around 4,012 shows that buyers are defending the market. The cleaner plan is to wait for price to hold the buy order zone or break above 4,065. If confirmation appears, the bullish path toward 4,119 and 4,145 remains in focus.
Will gold hold the 4,012 buy zone and break the trendline, or retest the lower support first before the next bullish move?
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
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Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
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.
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
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.