XAUUSD is trading around 4,070 after breaking above the descending trendline and recovering above the Ichimoku structure. This breakout changes the short-term structure from bearish pressure into a bullish recovery phase.
The priority view is buy on pullback, as long as gold continues to hold above the broken trendline and the nearest support zone.
Technical View
Gold has broken above the descending trendline that previously capped the upside move. This is an important shift because the market is no longer respecting the same bearish pressure line.
Price is also trading above the Ichimoku support area. The Ichimoku lines are now below price, which means they may act as dynamic support if gold pulls back. As long as price stays above this structure, buyers still have better control in the short term.
The current buy zone around 4,060–4,075 is important because price is testing this area after the breakout. If gold holds here and forms a higher low, the bullish continuation scenario remains valid.
The first upside liquidity area is around 4,114. A clean break above this level may open the way toward Target 1 near 4,155–4,165, which aligns with the Fibonacci 1.618 extension.
If buying pressure continues, the next major liquidity area is around 4,200–4,215, followed by Target 2 near 4,275–4,280, close to the Fibonacci 2.618 extension.
Key Zones
Current price: 4,070
Buy zone: 4,060–4,075
Nearest support: 4,028
Ichimoku support area: 4,016–4,028
Short-term liquidity: 4,114
Target 1: 4,155–4,165
Higher liquidity: 4,200–4,215
Target 2: 4,275–4,280
Invalidation: below 4,009
Trading Plan
Buy Priority: 4,060–4,075
Condition: wait for bullish rejection, higher low formation, or price holding above the broken trendline and Ichimoku support.
SL: below 4,009
TP1: 4,114
TP2: 4,155–4,165
TP3: 4,200–4,215
Final target: 4,275–4,280
Alternative Scenario
If gold breaks above 4,114 directly, wait for a retest of this level as support before looking for continuation toward Target 1.
Sell View
Sell is not the priority while price stays above the broken trendline and Ichimoku support. A sell setup only becomes safer if gold loses 4,028 and breaks back below the Ichimoku structure.
Final View
Overall, gold has confirmed a short-term bullish recovery after breaking the trendline. The cleaner plan is to wait for price to hold the buy zone, then follow the upside structure toward 4,114, 4,155, and potentially 4,275.
Will gold hold the buy zone and continue toward Target 1, or retest the Ichimoku support first?
Trading Gold the structured way — liquidity, order blocks, Ichimoku confluence
New idea every session. Follow + tap into the community → t.me/+aYglWgKtiPdkMGI9
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+aYglWgKtiPdkMGI9
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/+aYglWgKtiPdkMGI9
Analysis, not advice. Trade your own plan.
New idea every session. Follow + tap into the community → t.me/+aYglWgKtiPdkMGI9
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.