XAUUSD – Gold Is Sideways, But The Channel Still Supports Buyers
Gold is moving quietly, but the chart is still holding an important structure.
Price is currently trading around 4,113, moving sideways above the buy-test zone and inside a rising channel. This tells me the market is not rushing yet, but buyers are still trying to protect the recovery structure.
The key question now is simple: will gold keep holding the lower channel support and continue toward the Fibonacci targets above?
FUNDAMENTAL ANALYSIS
Gold remains sensitive to USD movement, Treasury yields, and upcoming U.S. data. The market may stay cautious in the short term, especially while price is consolidating near resistance.
For now, the chart structure is clearer than the news. As long as gold holds above support, the recovery path remains open.
TECHNICAL ANALYSIS – SMC + FIBONACCI
From an SMC perspective, gold is forming a short-term accumulation after recovering from the lower zone. Price is still respecting the rising channel, which shows that buyers are defending higher lows.
The buy-test support around 4,080 – 4,100 is the key area to watch. If price pulls back into this zone and forms a bullish reaction, buyers may attempt another push higher.
The nearest resistance is around 4,138. A clean break above this level could confirm stronger continuation toward the Fibonacci reaction zone around 4,165 – 4,175.
Above that, the next target is the Fibonacci extension area around 4,235 – 4,245. This is where the larger upside reaction may slow down.
KEY PRICE ZONES TO WATCH
Current price: 4,113
Buy-test support: 4,080 – 4,100
Sideway area: 4,100 – 4,138
Nearest resistance: 4,138
Sell scalping Fibonacci: 4,165 – 4,175
Fibonacci target: 4,235 – 4,245
Channel support: 4,080 – 4,100
Invalidation for bullish view: Below 4,080
TRADING SCENARIOS
Buy Scenario
Buy Zone: 4,080 – 4,100
Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH
SL: Below 4,080
TP1: 4,138
TP2: 4,165 – 4,175
TP3: 4,235 – 4,245
Breakout Buy
Condition: Break and hold above 4,138
Target: 4,165 – 4,175 first, then 4,235 – 4,245
Sell Scenario
Sell Zone: 4,165 – 4,175 or 4,235 – 4,245
Entry: Bearish rejection or failed breakout
TP1: 4,138
TP2: 4,100
Invalidation: Above 4,245
MY VIEW ON GOLD
Gold is currently moving sideways, but the rising channel still supports buyers.
As long as 4,080 – 4,100 holds, I still see room for gold to continue toward 4,138 and then 4,165 – 4,175. If buyers can break higher with strength, the next bigger target is around 4,235 – 4,245.
I would not chase the middle of the range. The cleaner plan is to watch support reaction or breakout confirmation.
For now, gold is calm — but the next breakout may decide the move.
Do you think gold will break above 4,138, or will sellers defend the Fibonacci zone again?
Gold is moving quietly, but the chart is still holding an important structure.
Price is currently trading around 4,113, moving sideways above the buy-test zone and inside a rising channel. This tells me the market is not rushing yet, but buyers are still trying to protect the recovery structure.
The key question now is simple: will gold keep holding the lower channel support and continue toward the Fibonacci targets above?
FUNDAMENTAL ANALYSIS
Gold remains sensitive to USD movement, Treasury yields, and upcoming U.S. data. The market may stay cautious in the short term, especially while price is consolidating near resistance.
For now, the chart structure is clearer than the news. As long as gold holds above support, the recovery path remains open.
TECHNICAL ANALYSIS – SMC + FIBONACCI
From an SMC perspective, gold is forming a short-term accumulation after recovering from the lower zone. Price is still respecting the rising channel, which shows that buyers are defending higher lows.
The buy-test support around 4,080 – 4,100 is the key area to watch. If price pulls back into this zone and forms a bullish reaction, buyers may attempt another push higher.
The nearest resistance is around 4,138. A clean break above this level could confirm stronger continuation toward the Fibonacci reaction zone around 4,165 – 4,175.
Above that, the next target is the Fibonacci extension area around 4,235 – 4,245. This is where the larger upside reaction may slow down.
KEY PRICE ZONES TO WATCH
Current price: 4,113
Buy-test support: 4,080 – 4,100
Sideway area: 4,100 – 4,138
Nearest resistance: 4,138
Sell scalping Fibonacci: 4,165 – 4,175
Fibonacci target: 4,235 – 4,245
Channel support: 4,080 – 4,100
Invalidation for bullish view: Below 4,080
TRADING SCENARIOS
Buy Scenario
Buy Zone: 4,080 – 4,100
Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH
SL: Below 4,080
TP1: 4,138
TP2: 4,165 – 4,175
TP3: 4,235 – 4,245
Breakout Buy
Condition: Break and hold above 4,138
Target: 4,165 – 4,175 first, then 4,235 – 4,245
Sell Scenario
Sell Zone: 4,165 – 4,175 or 4,235 – 4,245
Entry: Bearish rejection or failed breakout
TP1: 4,138
TP2: 4,100
Invalidation: Above 4,245
MY VIEW ON GOLD
Gold is currently moving sideways, but the rising channel still supports buyers.
As long as 4,080 – 4,100 holds, I still see room for gold to continue toward 4,138 and then 4,165 – 4,175. If buyers can break higher with strength, the next bigger target is around 4,235 – 4,245.
I would not chase the middle of the range. The cleaner plan is to watch support reaction or breakout confirmation.
For now, gold is calm — but the next breakout may decide the move.
Do you think gold will break above 4,138, or will sellers defend the Fibonacci zone again?
Trading is a journey. The destination is mastering yourself
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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 is a journey. The destination is mastering yourself
t.me/+qqEvv7Li9Tg2NTE1
t.me/+qqEvv7Li9Tg2NTE1
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.