USD lost momentum, and Gold is still building a continuation structure to the upside
US CPI held steady at 2.4% in February, right in line with expectations. That matters because it did not give the USD a fresh bullish catalyst. Instead, the market is reading it as a “no new hawkish shock” print, which keeps pressure off Gold in the short term.
At the same time, the chart is already showing something important: Gold is not trading like a market preparing to break down. It is holding its rising support structure, defending demand, and continuing to build a path toward the upper liquidity zone.
This is where many traders get trapped. They focus only on macro headlines, while price is quietly holding the bullish map.
Technical structure
On the H1 chart, Gold is still moving inside a rising support structure, with the key base sitting around the FVG buying zone + trendline support near 5140–5157. That zone has already proven itself more than once, and every successful retest keeps the short-term bullish structure intact.
Above current price, the market is climbing through a very clear reclaim ladder:
5223–5225
This is the first important reclaim area. Price has already reacted around this zone, and holding above it keeps the recovery leg active.
5260.766
This is the next continuation checkpoint. If price accepts above this area, momentum usually improves.
5279.185
This is the upper reclaim line before the real test of supply.
Then above all of that sits the key decision area:
5301–5305
This is the liquidity selling zone + descending trendline. It is the most important upside test on the chart. If Gold reaches this zone, the market will have to decide: reject and rotate lower, or break and unlock continuation higher.
So structurally, the chart is still bullish in the short term — but it is a step-by-step bullish structure, not a runaway breakout yet.
Kelly’s trade map
I’m not interested in buying randomly in the middle of the move.
For Kelly, the map remains simple:
As long as Gold keeps defending the 5140–5157 base, the continuation structure remains valid
As long as reclaim levels keep getting paid one by one, buyers stay in control
The real decision happens only when price reaches 5301–5305
That means the current market is still best treated as a buy-the-retest environment.
If price continues holding above the trendline base, the bullish path remains:
5225 → 5260 → 5279 → 5301–5305
If price reaches the upper liquidity sell zone and cannot accept above it, then a reaction pullback becomes normal. But until the base breaks, that pullback would still be treated as a correction inside a bullish continuation map — not a confirmed bearish reversal.
Entry idea
Bullish continuation scenario
This remains the preferred scenario while price stays above the FVG base.
Entry idea
Buy pullbacks into 5150–5160 after confirmation on M15/H1.
The cleanest trigger is a retest that holds, followed by rejection wicks or a higher-low formation.
Stop loss
Below 5140
Targets
TP1: 5225
TP2: 5260
TP3: 5279
TP4: 5301–5305
This is the ideal “structure trade”: buy the defended base, let price reclaim levels, and reduce risk as each upside checkpoint is paid.
Tactical reaction scenario
If price reaches 5301–5305 and prints a clear rejection, that area can produce a sharp reaction because it combines liquidity and descending trendline resistance.
That would not automatically change the full bullish structure. It would simply mean the market is reacting at supply before deciding whether to break later.
Gold is still respecting the bullish map. CPI did not give the USD a fresh impulse, and the chart continues to favor buying pullbacks while the 5140–5157 base holds.
For now, the structure stays constructive — and unless that base breaks, the upside continuation toward 5260 → 5279 → 5301–5305 remains the cleaner path.
US CPI held steady at 2.4% in February, right in line with expectations. That matters because it did not give the USD a fresh bullish catalyst. Instead, the market is reading it as a “no new hawkish shock” print, which keeps pressure off Gold in the short term.
At the same time, the chart is already showing something important: Gold is not trading like a market preparing to break down. It is holding its rising support structure, defending demand, and continuing to build a path toward the upper liquidity zone.
This is where many traders get trapped. They focus only on macro headlines, while price is quietly holding the bullish map.
Technical structure
On the H1 chart, Gold is still moving inside a rising support structure, with the key base sitting around the FVG buying zone + trendline support near 5140–5157. That zone has already proven itself more than once, and every successful retest keeps the short-term bullish structure intact.
Above current price, the market is climbing through a very clear reclaim ladder:
5223–5225
This is the first important reclaim area. Price has already reacted around this zone, and holding above it keeps the recovery leg active.
5260.766
This is the next continuation checkpoint. If price accepts above this area, momentum usually improves.
5279.185
This is the upper reclaim line before the real test of supply.
Then above all of that sits the key decision area:
5301–5305
This is the liquidity selling zone + descending trendline. It is the most important upside test on the chart. If Gold reaches this zone, the market will have to decide: reject and rotate lower, or break and unlock continuation higher.
So structurally, the chart is still bullish in the short term — but it is a step-by-step bullish structure, not a runaway breakout yet.
Kelly’s trade map
I’m not interested in buying randomly in the middle of the move.
For Kelly, the map remains simple:
As long as Gold keeps defending the 5140–5157 base, the continuation structure remains valid
As long as reclaim levels keep getting paid one by one, buyers stay in control
The real decision happens only when price reaches 5301–5305
That means the current market is still best treated as a buy-the-retest environment.
If price continues holding above the trendline base, the bullish path remains:
5225 → 5260 → 5279 → 5301–5305
If price reaches the upper liquidity sell zone and cannot accept above it, then a reaction pullback becomes normal. But until the base breaks, that pullback would still be treated as a correction inside a bullish continuation map — not a confirmed bearish reversal.
Entry idea
Bullish continuation scenario
This remains the preferred scenario while price stays above the FVG base.
Entry idea
Buy pullbacks into 5150–5160 after confirmation on M15/H1.
The cleanest trigger is a retest that holds, followed by rejection wicks or a higher-low formation.
Stop loss
Below 5140
Targets
TP1: 5225
TP2: 5260
TP3: 5279
TP4: 5301–5305
This is the ideal “structure trade”: buy the defended base, let price reclaim levels, and reduce risk as each upside checkpoint is paid.
Tactical reaction scenario
If price reaches 5301–5305 and prints a clear rejection, that area can produce a sharp reaction because it combines liquidity and descending trendline resistance.
That would not automatically change the full bullish structure. It would simply mean the market is reacting at supply before deciding whether to break later.
Gold is still respecting the bullish map. CPI did not give the USD a fresh impulse, and the chart continues to favor buying pullbacks while the 5140–5157 base holds.
For now, the structure stays constructive — and unless that base breaks, the upside continuation toward 5260 → 5279 → 5301–5305 remains the cleaner path.
📌 New analysis published daily
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⚠️ This is personal analysis, not financial advice
Daily GOLD and Forex updates: t.me/+_8wydjUbci5hMzJl
🔔 Follow this profile for real-time updates
⚠️ This is personal analysis, not financial advice
Daily GOLD and Forex updates: t.me/+_8wydjUbci5hMzJl
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.
📌 New analysis published daily
🔔 Follow this profile for real-time updates
⚠️ This is personal analysis, not financial advice
Daily GOLD and Forex updates: t.me/+_8wydjUbci5hMzJl
🔔 Follow this profile for real-time updates
⚠️ This is personal analysis, not financial advice
Daily GOLD and Forex updates: t.me/+_8wydjUbci5hMzJl
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.