XAUUSD is trading around 4,178 after a strong bullish continuation following the NFP reaction. Price has broken above the previous resistance zone and continues to hold above the Ichimoku structure, keeping the short-term bias bullish.
The priority view remains buy on pullback, but traders should be careful today because bank holiday conditions may reduce liquidity and create irregular price movement.
Technical View
Gold is showing clear bullish momentum after breaking above the previous resistance area around 4,090–4,100. This zone was resistance before, but after the breakout, it can now act as an important support area if price pulls back.
The market is also moving inside a rising trendline channel. This shows that buyers are still controlling the short-term structure, with price creating higher highs and higher lows.
Ichimoku also supports the bullish view. Price is trading above the Ichimoku structure, and the cloud below price may now act as dynamic support. As long as gold stays above the Ichimoku support zone, the bullish recovery remains valid.
The 4,136–4,140 area is the key buy order test zone on the chart. If price pulls back into this area and holds, it may confirm another higher low before continuation.
The next major upside target is around 4,270–4,280. This area matches the Fibonacci 2.618 extension and also sits near a psychological resistance zone, so buyers may take profit or price may react strongly there.
Because today is a bank holiday, liquidity can be thinner than usual. This means price may move fast, but confirmation is still important. Chasing after a strong candle is risky; waiting for a pullback gives a cleaner structure.
Key Zones
Current price: 4,178
Buy order test zone: 4,136–4,140
Previous resistance turned support: 4,090–4,100
Ichimoku support area: 4,028–4,048
Main upside target: 4,270–4,280
Fibonacci extension: 2.618
Invalidation: below 4,090
Trading Plan
Buy Priority: 4,136–4,140
Condition: wait for bullish rejection, higher low formation, or price holding above the rising trendline and Ichimoku structure.
SL: below 4,090
TP1: 4,200
TP2: 4,240
TP3: 4,270–4,280
Alternative Scenario
If gold breaks above 4,200 directly, wait for a retest of this level as support before looking for continuation toward 4,240 and 4,270.
Sell View
Sell is not the priority while price stays above the rising trendline and Ichimoku structure. A sell setup only becomes safer if gold loses 4,136 and breaks back below 4,090 with strong bearish confirmation.
Final View
Overall, gold remains strongly bullish after the NFP reaction. The cleaner plan is to wait for a pullback into the 4,136–4,140 buy zone instead of chasing high prices. If this zone holds, the next upside target remains 4,270–4,280.
Will gold retest the buy zone first, or continue directly toward the Fibonacci psychological resistance?
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
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 Gold the structured way — liquidity, order blocks, Ichimoku confluence
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+uQLpyLGJXqNhOGJl
Analysis, not advice. Trade your own plan.
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.