Gold Spot / U.S. Dollar
Long

XAU/USD – Strong Bullish Expansion, Focus on Pullback Buys

315
Market Context

Gold has delivered a strong bullish expansion after breaking out of the previous consolidation range. The impulsive move confirms aggressive buy-side participation, suggesting that the market is now in a trend-continuation phase rather than distribution.

From a macro perspective, expectations around a dovish Fed outlook and future rate cuts continue to weaken the USD, providing a supportive environment for gold. This keeps the broader bias tilted to the upside, with pullbacks viewed as opportunities to reload long positions.

Technical Structure (H1 – Short-Term)

Clear Bullish BOS confirmed after range breakout

Price is holding above prior resistance → flipped to support

Current price action shows rebalancing after impulse

No bearish structure break so far

Key Price Zones

Primary BUY Zone:
4,420 – 4,410
(previous resistance + demand + structure base)

Intermediate Support:
4,433 – 4,432

Upside Liquidity / Resistance:
4,466
4,500
4,540 – 4,550 (sell-side reaction zone)

Trading Plan – MMF Framework

Primary Scenario – Buy the Pullback

If price pulls back into 4,420 – 4,410, look for acceptance and bullish reaction

This zone is ideal for trend-following BUY setups

Expect continuation toward higher liquidity levels

Upside objectives:

TP1: 4,466

TP2: 4,500

TP3: 4,540 – 4,550 (possible reaction / partial profit area)

Alternative Scenario

If price does not retrace deeply and holds above 4,432, wait for a break & hold above 4,466, then look for continuation buys on shallow pullbacks

Avoid chasing price directly into the 4,540+ area

Invalidation

A confirmed H1 close below 4,405 would weaken the short-term bullish structure and suggest a deeper corrective phase.

Summary

Gold is in a strong bullish trend after a clean breakout.
Current moves are rebalancing, not reversal.
Bias remains BUY on pullbacks, targeting higher liquidity while respecting reaction zones above.

Disclaimer

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