Gold Spot / U.S. Dollar
Long

XAU/USD – Gold Holds Above Key Support as Pullback Stays Limited

135
Gold remains capped below its two-week high during the Asian session, but the downside is clearly limited.
Market sentiment is shaped by:

A weaker USD as dovish Fed expectations gain traction

Rising probability of rate cuts in upcoming meetings

Improving global risk sentiment amid hopes of progress in Russia–Ukraine negotiations

Even though Gold is retracing, the bigger picture remains bullish as long as price holds above key support zones.

📊 Technical Outlook – MMF Trading Style (M30/H1)

Price is currently consolidating below the resistance cluster 4,156 – 4,170, retracing into multiple demand zones.

Key Levels to Watch

Support 1: 4,131 – 4,137

Support 2: 4,115 – 4,118

Support 3 (major liquidity): 4,083 – 4,090

Main Resistance: 4,170 – 4,193

Market structure shows a clean zigzag pullback, suggesting a potential bullish continuation once liquidity is collected below.

🎯 MMF Intraday Trading Plan
Scenario 1 – Buy the Dip (Primary Bias)

Best trade today: Buying retracements into demand.

BUY: 4,115 – 4,118
SL: 4,103
TP: 4,131 → 4,156 → 4,170

BUY (extended liquidity sweep): 4,083 – 4,090
SL: 4,070
TP: 4,118 → 4,145 → 4,170 – 4,193

Reason: Fibo confluence + strong demand + liquidity zone = high-probability reversal area.

Scenario 2 – Short-Term SELL (Scalp Only)

Only valid if price rejects strongly at resistance.

SELL: 4,156 – 4,170
SL: 4,177
TP: 4,145 → 4,131

This is not the main bias today.

⚜️ MMF Trading View

Gold is forming a healthy pullback—not, at this stage, a bearish reversal.
As long as price stays above 4,08x, the bullish structure remains intact.

“In Gold, the goal isn’t chasing the breakout — it’s waiting for price to return to value.”

Today’s focus: Prefer BUY setups on retracement – SELL only for quick scalps.

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