Fundamental Analysis
Gold has pulled back from its recent two-week high as higher crude oil prices, stronger US Treasury yields, and renewed expectations of further Federal Reserve tightening continue to cap the upside. Ongoing tensions in the Middle East may still support safe-haven demand, but the resilience of the US Dollar is likely to keep short-term volatility elevated.
Technical Analysis
On the 1-hour chart, XAUUSD is trading around 4,125 after facing rejection from the 4,157–4,165 resistance zone. The overall market structure remains bullish, supported by consecutive Break of Structure (BOS) formations and a series of higher highs.
A deeper retracement towards the 4,062–4,070 region would allow price to retest the key Fibonacci support along with the previous breakout structure. If buyers defend this area with strong bullish confirmation, gold could recover towards 4,100, revisit 4,157–4,165, and potentially continue its rally towards the 4,220–4,228 target zone.
Important Key Levels
Current Price: 4,125.29
Main Buy Zone: 4,062–4,070
Short-term Support: 4,080–4,100
Short-term Resistance: 4,157–4,165
Liquidity Zone: 4,157–4,165
Main Target: 4,220–4,228
Invalidation: Below 4,045
Trading Scenario
Main Buy Setup
Entry: 4,062–4,070
Stop Loss: 4,045
Take Profit 1: 4,100
Take Profit 2: 4,157–4,165
Take Profit 3: 4,220–4,228
Buy Conditions
Wait for the price to retrace into the main buy zone and look for clear bullish confirmation before entering. Signals such as a long lower wick, a bullish engulfing candle, a failed breakdown, or a 1-hour candle closing back above 4,070 would indicate renewed buying interest. If the price breaks below 4,045 and sustains there, the bullish outlook will be invalidated.
Overall Outlook
The 1-hour trend remains bullish, although the current price is trading between the key support and resistance levels. Rather than chasing the market, the preferred strategy is to wait patiently for a pullback into 4,062–4,070 and seek confirmation before targeting the next bullish expansion towards 4,220–4,228.
Do you think gold will revisit the main buy zone before beginning its next bullish move?
Gold has pulled back from its recent two-week high as higher crude oil prices, stronger US Treasury yields, and renewed expectations of further Federal Reserve tightening continue to cap the upside. Ongoing tensions in the Middle East may still support safe-haven demand, but the resilience of the US Dollar is likely to keep short-term volatility elevated.
Technical Analysis
On the 1-hour chart, XAUUSD is trading around 4,125 after facing rejection from the 4,157–4,165 resistance zone. The overall market structure remains bullish, supported by consecutive Break of Structure (BOS) formations and a series of higher highs.
A deeper retracement towards the 4,062–4,070 region would allow price to retest the key Fibonacci support along with the previous breakout structure. If buyers defend this area with strong bullish confirmation, gold could recover towards 4,100, revisit 4,157–4,165, and potentially continue its rally towards the 4,220–4,228 target zone.
Important Key Levels
Current Price: 4,125.29
Main Buy Zone: 4,062–4,070
Short-term Support: 4,080–4,100
Short-term Resistance: 4,157–4,165
Liquidity Zone: 4,157–4,165
Main Target: 4,220–4,228
Invalidation: Below 4,045
Trading Scenario
Main Buy Setup
Entry: 4,062–4,070
Stop Loss: 4,045
Take Profit 1: 4,100
Take Profit 2: 4,157–4,165
Take Profit 3: 4,220–4,228
Buy Conditions
Wait for the price to retrace into the main buy zone and look for clear bullish confirmation before entering. Signals such as a long lower wick, a bullish engulfing candle, a failed breakdown, or a 1-hour candle closing back above 4,070 would indicate renewed buying interest. If the price breaks below 4,045 and sustains there, the bullish outlook will be invalidated.
Overall Outlook
The 1-hour trend remains bullish, although the current price is trading between the key support and resistance levels. Rather than chasing the market, the preferred strategy is to wait patiently for a pullback into 4,062–4,070 and seek confirmation before targeting the next bullish expansion towards 4,220–4,228.
Do you think gold will revisit the main buy zone before beginning its next bullish move?
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
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.
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
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.