XAUUSD – A Gentle Start To The Week, Gold Is Trying To Build Higher
Gold is starting the new week with a calmer recovery structure.
After the strong decline last week, price found support near the lower area and has been moving inside a short-term rising channel. Gold is now trading around 4,058, holding above the buy-test zone around 4,030 – 4,040.
The recovery is not aggressive, but it is becoming cleaner. If buyers continue to protect the channel support, gold may have room to move higher toward the strong liquidity area around 4,135 – 4,145 this week.
WEEKLY TREND OUTLOOK
Last week, gold was mostly under bearish pressure. Price dropped sharply, broke several short-term support zones, then started to stabilize near the lower range.
At the start of this week, the structure is showing a softer tone. Buyers are trying to build higher lows, while price is moving inside a rising corrective channel.
The key for this week is simple: if gold holds above 4,030 – 4,040, the recovery may continue toward 4,100 and 4,135 – 4,145. If this support fails, the recovery structure becomes weaker and sellers may return.
FUNDAMENTAL ANALYSIS
Gold remains sensitive to USD movement, Treasury yields, and rate expectations. After last week’s strong decline, the current rebound may be supported by short-term technical buying and profit-taking from sellers.
For now, price action around the buy-test zone and the strong liquidity area is the main focus.
TECHNICAL ANALYSIS – SMC + MARKET STRUCTURE
From an SMC perspective, gold has shifted from direct bearish continuation into a short-term recovery phase.
The market is now forming higher reactions from the lower channel area. The 4,030 – 4,040 zone is the current buy-test support. As long as price respects this area, buyers may continue to control the short-term structure.
The first upside area to watch is around 4,100 – 4,110. If gold breaks above this level with momentum, the next target may be the strong liquidity zone around 4,135 – 4,145.
However, this is still a recovery inside a larger corrective structure. If price reaches the upper liquidity zone and shows rejection, a pullback may appear again.
KEY PRICE ZONES TO WATCH
Current price: 4,058
Buy-test support: 4,030 – 4,040
Channel support: Around 4,030
Resistance 1: 4,100 – 4,110
Strong liquidity zone: 4,135 – 4,145
Higher recovery target: 4,160
Bearish pressure returns: Below 4,030
Invalidation for recovery view: Below 4,030
TRADING SCENARIOS
Buy Scenario – Weekly Recovery View
Buy Zone: 4,030 – 4,040
Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH
SL: Below 4,030
TP1: 4,100 – 4,110
TP2: 4,135 – 4,145
TP3: 4,160 if momentum continues
Breakout Buy
Condition: Break and hold above 4,110
Target: 4,135 – 4,145
Sell Scenario – Only If Support Fails
Sell Zone: Below 4,030 after confirmation
Entry: Clean breakdown, bearish retest, or strong bearish displacement
TP1: 4,000
TP2: 3,980
TP3: Lower channel support if selling pressure expands
Invalidation: If price quickly reclaims 4,030 – 4,040
MY VIEW ON GOLD
Gold is opening the week with a gentle recovery tone.
The chart shows buyers are trying to build a base above 4,030 – 4,040. If this zone continues to hold, I expect gold to move higher toward 4,100 first, then possibly 4,135 – 4,145.
But I still want confirmation. The recovery is valid only while price respects the lower channel and holds above the buy-test support.
For now, gold is not fully bullish yet, but the path toward the strong liquidity zone is open if buyers protect 4,030.
Do you think gold can hold 4,030 and continue toward 4,140 this week?
Gold is starting the new week with a calmer recovery structure.
After the strong decline last week, price found support near the lower area and has been moving inside a short-term rising channel. Gold is now trading around 4,058, holding above the buy-test zone around 4,030 – 4,040.
The recovery is not aggressive, but it is becoming cleaner. If buyers continue to protect the channel support, gold may have room to move higher toward the strong liquidity area around 4,135 – 4,145 this week.
WEEKLY TREND OUTLOOK
Last week, gold was mostly under bearish pressure. Price dropped sharply, broke several short-term support zones, then started to stabilize near the lower range.
At the start of this week, the structure is showing a softer tone. Buyers are trying to build higher lows, while price is moving inside a rising corrective channel.
The key for this week is simple: if gold holds above 4,030 – 4,040, the recovery may continue toward 4,100 and 4,135 – 4,145. If this support fails, the recovery structure becomes weaker and sellers may return.
FUNDAMENTAL ANALYSIS
Gold remains sensitive to USD movement, Treasury yields, and rate expectations. After last week’s strong decline, the current rebound may be supported by short-term technical buying and profit-taking from sellers.
For now, price action around the buy-test zone and the strong liquidity area is the main focus.
TECHNICAL ANALYSIS – SMC + MARKET STRUCTURE
From an SMC perspective, gold has shifted from direct bearish continuation into a short-term recovery phase.
The market is now forming higher reactions from the lower channel area. The 4,030 – 4,040 zone is the current buy-test support. As long as price respects this area, buyers may continue to control the short-term structure.
The first upside area to watch is around 4,100 – 4,110. If gold breaks above this level with momentum, the next target may be the strong liquidity zone around 4,135 – 4,145.
However, this is still a recovery inside a larger corrective structure. If price reaches the upper liquidity zone and shows rejection, a pullback may appear again.
KEY PRICE ZONES TO WATCH
Current price: 4,058
Buy-test support: 4,030 – 4,040
Channel support: Around 4,030
Resistance 1: 4,100 – 4,110
Strong liquidity zone: 4,135 – 4,145
Higher recovery target: 4,160
Bearish pressure returns: Below 4,030
Invalidation for recovery view: Below 4,030
TRADING SCENARIOS
Buy Scenario – Weekly Recovery View
Buy Zone: 4,030 – 4,040
Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH
SL: Below 4,030
TP1: 4,100 – 4,110
TP2: 4,135 – 4,145
TP3: 4,160 if momentum continues
Breakout Buy
Condition: Break and hold above 4,110
Target: 4,135 – 4,145
Sell Scenario – Only If Support Fails
Sell Zone: Below 4,030 after confirmation
Entry: Clean breakdown, bearish retest, or strong bearish displacement
TP1: 4,000
TP2: 3,980
TP3: Lower channel support if selling pressure expands
Invalidation: If price quickly reclaims 4,030 – 4,040
MY VIEW ON GOLD
Gold is opening the week with a gentle recovery tone.
The chart shows buyers are trying to build a base above 4,030 – 4,040. If this zone continues to hold, I expect gold to move higher toward 4,100 first, then possibly 4,135 – 4,145.
But I still want confirmation. The recovery is valid only while price respects the lower channel and holds above the buy-test support.
For now, gold is not fully bullish yet, but the path toward the strong liquidity zone is open if buyers protect 4,030.
Do you think gold can hold 4,030 and continue toward 4,140 this week?
Trading is a journey. The destination is mastering yourself
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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.