Gold is trading around 4,142 after a sharp H1 selloff.
Price is now holding inside the local demand base while the broader structure remains bearish.
Macro News
A stronger U.S. dollar, Treasury yields above 5% and higher oil prices are keeping pressure on Gold. Markets are also pricing a higher chance of another Fed hike in October, while PCE and NFP this week could bring more volatility.
The simple read
The key demand zone is around 4,105–4,125.
If buyers defend this area, Gold may recover toward 4,200 first, then the 4,225–4,245 premium supply zone.
A rejection there could bring sellers back into control.
If demand fails, the bearish channel remains dominant.
Key price zones
4,105–4,125 — local demand
4,200 — recovery test
4,225–4,245 — premium supply
4,270–4,300 — upper resistance area
H1 remains bearish, but Gold is sitting at a reaction zone.
I prefer waiting for the demand reaction rather than chasing the selloff.
Can buyers defend 4,11x and recover toward the 4,240 supply zone?
Price is now holding inside the local demand base while the broader structure remains bearish.
Macro News
A stronger U.S. dollar, Treasury yields above 5% and higher oil prices are keeping pressure on Gold. Markets are also pricing a higher chance of another Fed hike in October, while PCE and NFP this week could bring more volatility.
The simple read
The key demand zone is around 4,105–4,125.
If buyers defend this area, Gold may recover toward 4,200 first, then the 4,225–4,245 premium supply zone.
A rejection there could bring sellers back into control.
If demand fails, the bearish channel remains dominant.
Key price zones
4,105–4,125 — local demand
4,200 — recovery test
4,225–4,245 — premium supply
4,270–4,300 — upper resistance area
H1 remains bearish, but Gold is sitting at a reaction zone.
I prefer waiting for the demand reaction rather than chasing the selloff.
Can buyers defend 4,11x and recover toward the 4,240 supply zone?
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🌸Tiara PrimeGold·XAUUSD·Price Action made simple
t.me/+eFLUxpNHdMdiODRl
Daily analysis update real time London & NY session
t.me/+eFLUxpNHdMdiODRl
🔔Follow to learn one new thing every day
Personal analysis only—not financial advice
t.me/+eFLUxpNHdMdiODRl
Daily analysis update real time London & NY session
t.me/+eFLUxpNHdMdiODRl
🔔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.