Futures market
XAU/USD (Gold) 4H AnalysisGold remains in a short-term bullish market structure after recovering strongly from the recent sell-off. Price is currently trading below a well-defined major supply zone (4140–4145), where sellers have already defended the market once. A direct breakout is possible, but the higher-probability scenario is a pullback into demand before continuation.
The first demand zone (4055–4062) is the nearest area where buyers may step in. If this zone fails to hold, the strong demand zone (4020–4040) becomes the key level to watch for fresh buying interest. As long as price respects these demand areas and forms a bullish confirmation, the overall structure remains constructive.
A successful rebound from either demand zone could provide the momentum needed to retest the recent swing high around 4130 and challenge the 4140–4145 supply zone once again. A decisive breakout and close above this resistance would confirm bullish continuation and expose higher targets near 4160 and beyond.
However, if sellers push price below the strong demand zone, the bullish outlook would weaken, increasing the probability of a move toward the psychological support at 4000.
Key Levels
Resistance: 4130, 4140–4145, 4160
Support: 4055–4062, 4020–4040, 4000
Trading Idea: Wait for bullish confirmation from the highlighted demand zones before targeting a move back toward the major supply. Risk management remains essential, especially while price is trading below resistance.
🚨 This analysis is for educational purposes only and is not financial advice. Always wait for confirmation before entering a trade.
XAUUSD: FVG Breakout or Rejection?XAUUSD has staged a strong recovery after sweeping sell-side liquidity and forming a clear Change of Character (CHoCH), indicating that buyers have regained short-term control. The sharp rally from the recent lows reflects renewed bullish momentum. However, price is now approaching a crucial resistance zone where the next major move is likely to be determined.
The immediate focus is the Fair Value Gap (FVG), which aligns with the descending trendline and the Ichimoku Cloud. This confluence creates a high-probability decision zone. A confirmed breakout and sustained acceptance above this resistance would reinforce the bullish structure and open the way towards the next liquidity zone around 4165–4180.
On the other hand, failure to break above the FVG could trigger a temporary rejection as the market seeks to rebalance inefficiencies below. A pullback into the nearby bullish FVG and mitigation zone would remain technically healthy, provided buyers continue to defend this support and preserve the newly established market structure.
Overall, the short-term bias remains cautiously bullish while price holds above the recent demand zone. The reaction around the current FVG will determine whether XAUUSD is preparing for a continuation higher or merely forming another liquidity trap before its next impulsive move.
Key Levels
Resistance: 4135–4150 (FVG + Trendline + Ichimoku Resistance)
Bullish Target: 4165–4180
Support: 4105–4115 (Bullish FVG / Mitigation Zone)
📌 Note: This analysis reflects my personal market view based on Price Action and Smart Money Concepts (SMC). Always wait for confirmation and apply proper risk management before entering any trade.
XAUUSD Analysis: Price Approaching 15M Supply Zone After BullishGold is showing a bullish recovery after forming a CHoCH and breaking short-term structure. Price is now approaching a key 15-minute supply zone, where I'm watching for bearish confirmation before considering a short position.
Key Levels:
🔹 Bullish CHoCH confirmed
🔹 IDM swept before the move
🔹 BOS validated
🔹 Price approaching 15M Supply Zone
🔹 Waiting for rejection and lower-timeframe confirmation
Trade Plan:
📉 Sell only after a clear rejection from the supply zone.
📈 If price breaks and closes above the supply zone, the bearish setup becomes invalid.
Disclaimer: This analysis is for educational purposes only and not financial advice.
#XAUUSD #Gold #SMC #SmartMoneyConcept #PriceAction #TradingView #Forex #OrderBlock #SupplyZone #CHoCH #BOS #Liquidity
XAUUSD GOLD ANALYSIS ON (09 JUL 2026)#XAUUSD UPDATEDE
Current price - 4124
If price stay below 4160, then next target 4090,4060 and 4020 and above that 4200
Plan;If price break 4120-4130 area,and stay below 4120,we will place sell order in gold with target of 4090,4060 and 4020 & stop loss should be placed at 4160
XAUUSD/GOLD 4H SELL LIMIT PROJECTION 09.07.26This is a XAUUSD/GOLD 4H Sell Limit Projection.
The chart shows gold is moving inside a parallel downtrend channel, so the main bias is still bearish. Price already reacted from the lower area and formed a bullish engulfing candle, so a short-term pullback is expected before the next drop.
Main idea:
Don’t sell at the current price. Wait for price to retrace higher into the Sell Limit Area / Fair Value Gap around 4140–4144.
Key zones:
Current Price: around 4122
Sell Limit Area: 4140–4144
This zone is important because it matches the Fair Value Gap + Resistance 2. If price reaches this area and shows rejection, it can be a good sell entry zone.
Stop Loss: above 4164
If price breaks above this zone strongly, the sell setup becomes weak or invalid.
Take Profit: around 4079
This is the marked target area near Support 3.
Support levels:
Price may react at 4110 first, then continue toward 4079 if bearish pressure increases.
XAUUSD: Bulls Testing Key Breakout Zone | 📌 Symbol: XAUUSD / Gold
⏱️ Timeframe: 30-Minute
💰 Current Price: Around $4,126
Key View:
XAUUSD is showing a strong recovery from the lower support zone and is now trading near an important resistance area around $4,134.
Important Levels:
🟢 Support Zone: $4,108 - $4,100
🔴 Major Resistance: $4,134
🎯 Upside Targets: $4,180 / $4,203/ $4,250
⚠️ Breakdown Zone: Below $4,099
Technical Setup:
Price is moving inside an upward channel.
Gold has bounced strongly from the lower channel support.
RSI is near 70, showing strong bullish momentum but also slight overbought pressure.
A clean breakout above $4,134 can open the way toward $4,180-$4,203.
If price rejects from $4,134, a retest of $4,108-$4,100 is possible.
Bullish Scenario:
✅ If XAUUSD sustains above $4,134, buyers may push price toward $4,180 and then $4,203.
Bearish Scenario:
❌ If price fails to break $4,134 and falls below $4,100, weakness may continue toward $4,092.
Final View:
🔥 Gold is at a decisive level. Breakout above $4,134 can trigger strong upside momentum, while rejection may bring a short-term pullback. Wait for confirmation before entering.
Disclaimer: Educational analysis only. Trade with proper risk management
XAUUSD 4H | Reversal Zone Waiting for ConfirmationGold is currently slowing down after completing a bearish supply move. The previous demand was fast, while the recent supply has been relatively slow, showing that sellers are gradually losing momentum.
According to my structure, the current supply has already completed its expected move, and now the market is approaching an important reversal zone.
At this stage, I am not looking for an immediate buy. I want to see proper confirmation first.
The ideal confirmation would be a liquidity sweep below the marked level or an After Effect move, followed by a strong bullish candle closing back above the marked line. If that happens, it will indicate that buyers are stepping back into the market.
Another important observation is that this bearish trend has been moving slowly, and several bearish candles have already failed to continue lower. That is often an early sign that selling pressure is weakening.
If the sweep and bullish confirmation appear inside the reversal zone, the market could deliver a Fast-Slow-Fast (FSF) move toward the upside.
For now, I am waiting for confirmation rather than predicting the move early. The reaction inside the reversal zone will decide whether buyers regain control or sellers continue the trend.
XAUUSD/GOLD LAST MOVEMENT EXPAINED 09.07.26XAUUSD / GOLD Chart Explanation
Gold is currently showing a sell-side reaction after rejecting from the upper area near 4106–4113.
The chart shows a 1H uptrend line, but price has started moving below that line, which can indicate the buyers are losing strength. After the strong bullish candle, price failed to continue higher and formed rejection near the resistance zone.
Key Levels:
Resistance / Stop Loss Zone:
Price rejection area is around 4106–4113. If price breaks and closes above this zone, the sell setup becomes weak.
Entry Area:
Sell entry looks around 4106 / 4101 zone, after rejection from the top.
Take Profit 1:
Around 4100.79. This is the 0.5 Fibonacci level, so price may react here. In the chart, TP1 is almost reached.
Take Profit 2:
Around 4083.00. This is the next strong support zone.
Main View:
As long as gold stays below 4106–4113, the downside move can continue toward 4100 and then 4083.
Invalidation:
If gold breaks above 4113 and closes strongly above it, sellers should be careful because price may move back toward 4119 / 4130.
XAUUSD — Bullish Setup Holding Above Buy Zone
Fundamental Analysis
Gold is still reacting to USD momentum, Treasury yields, and upcoming U.S. data. For now, the short-term structure remains positive while buyers continue to defend the recovery trend.
Technical Analysis
On the 1H chart, XAUUSD is trading around 4,100 and holding above the rising trendline. The key buy order zone at 4,087 - 4,092 is acting as the main value area. If price holds this zone, the bullish structure can continue toward the day high at 4,118, then the liquidity area around 4,134. A stronger breakout may open the way toward 4,168 - 4,180.
Important Key Levels
Current price: 4,100
Buy zone: 4,087 - 4,092
Short-term support: 4,054
Day high: 4,118
Liquidity target: 4,134
Main target: 4,168 - 4,180
Invalidation: below 4,054
Trading Scenario
Main Buy Setup
Entry: 4,087 - 4,092
Stop Loss: 4,054
Take Profit 1: 4,118
Take Profit 2: 4,134
Take Profit 3: 4,168 - 4,180
Buy Condition
Wait for price to retest 4,087 - 4,092 and show bullish rejection. A clean hold above this zone keeps the bullish setup valid. If price breaks above 4,118, upside momentum becomes stronger. If price breaks and holds below 4,054, the buy setup is invalid.
Overall View
XAUUSD remains bullish while price holds above the rising trendline and the 4,087 - 4,092 buy zone. The preferred plan is to wait for confirmation from the value area, then look for continuation toward 4,118, 4,134, and 4,168 - 4,180.
Do you share the same bullish view on gold, or are you waiting for confirmation above the day high?
XAUUSD Technical Analysis (2H)Gold is showing signs of a potential bullish reversal after completing a rounded bottom (cup-like) structure on the 2-hour timeframe. Price has recovered from the recent lows and is now testing a key resistance zone around 4105–4115, which also acts as the neckline of the pattern.
The highlighted entry zone marks an important decision area. If buyers manage to hold above this level and print a strong bullish confirmation candle, it could trigger the next impulsive move toward 4200, with further upside possible if momentum continues.
Key Technical Levels
Buy Zone: 4105–4115
Immediate Resistance: 4160–4200
Bullish Target: 4200+
Support: 4080, followed by 4040
Trading Outlook
The current market structure suggests that buyers are attempting to regain control after a prolonged decline. A confirmed breakout above the neckline would strengthen the bullish case and may attract additional buying interest. However, if price fails to hold above the highlighted zone and is rejected, a pullback toward the nearest support levels could occur before another attempt higher.
Patience is important—waiting for confirmation around the entry zone provides a higher-probability setup than entering before the breakout is confirmed.
Gold pressure unchanged – Sellers maintain advantage.Gold continues to trade within its established descending channel as the macro backdrop remains unfavorable for a sustained bullish reversal. Recent economic releases continue to reinforce expectations that the Federal Reserve will maintain restrictive monetary policy, while resilient U.S. economic data keeps Treasury yields and the U.S. Dollar relatively supported.
From a macro perspective, pressure on gold remains largely unchanged. The market is no longer reacting to isolated headlines but to a broader narrative of higher-for-longer interest rates and persistent demand for dollar-denominated assets. As long as real yields remain elevated and the Fed refrains from signaling aggressive rate cuts, gold is likely to struggle in building lasting upside momentum.
Technically, price continues to respect the broader bearish structure and remains below the key Demand + Trendline resistance zone. Every recovery attempt has been met with renewed selling pressure, confirming that sellers are still defending higher prices. The nearby Supply + Fibonacci area acts as the final short-term support. A decisive break below this region would likely expose the next liquidity zone and extend the broader downtrend. Conversely, only a strong breakout and sustained acceptance above the Demand + Trendline cluster would invalidate the current bearish bias.
PRIMARY SCENARIO
The broader outlook remains bearish while macro conditions continue to favor the U.S. Dollar.
I prefer waiting for corrective rallies into the Demand + Trendline resistance area to look for higher-probability sell opportunities in line with the prevailing trend. The bearish structure remains intact unless price decisively breaks and holds above this resistance cluster.
MARKET VIEW
The macro narrative continues to support the U.S. Dollar more than gold. Until the market receives a meaningful catalyst—such as significantly weaker U.S. economic data or a clear dovish shift from the Federal Reserve—gold is likely to remain within a corrective phase inside its broader downtrend.
Current Bias: Bearish.
Preferred Strategy: Sell the rallies while price remains below key resistance.
LucasGrayTrading
XAUUSD – Gold Pulls Back, But The Rising Channel Is Still XAUUSD – Gold Pulls Back, But The Rising Channel Is Still Holding
Gold is pulling back, but the structure is not broken yet.
After price dropped close to the 4,100 area, buyers started to react near the lower boundary of the rising channel. Gold is now trading around 4,125, just above the key buy zone around 4,112.
This is an important moment on the H1 chart. The market is testing whether the recent decline is only a correction inside the bullish channel, or the beginning of a deeper breakdown.
FUNDAMENTAL ANALYSIS
Gold came under pressure in early Asian trading as geopolitical tension between the U.S. and Iran continued to create uncertainty across the market.
At the same time, weaker U.S. NFP data has reduced expectations for a more aggressive Fed path. This can limit downside pressure on gold, because softer labour data often supports the idea of easier policy expectations.
For now, the fundamental background is mixed. Geopolitical risk can support gold, while short-term USD strength can pressure price. That is why the technical reaction around the current buy zone becomes very important.
TECHNICAL ANALYSIS – SMC + MARKET STRUCTURE
From an SMC perspective, gold is still moving inside a rising channel. Price has created higher lows from the late-June base, which means the short-term recovery structure remains active.
The current buy zone around 4,112 is the most important area on the chart. This zone is sitting near the lower channel boundary, where buyers need to defend the structure.
If gold holds above 4,112 and forms a bullish reaction, price may continue higher toward 4,151 first. Above that, the next attention area is around 4,209, where the market may test stronger liquidity and possible resistance.
The major upside resistance remains around 4,276. If buyers can push price through 4,209, the path toward 4,276 becomes more interesting.
However, if gold breaks below 4,112 and loses the lower channel, the bullish structure becomes weaker. In that case, price may return toward the 4,100 area or lower support zones.
KEY PRICE ZONES TO WATCH
Current price: 4,125
Main buy zone: 4,112
Lower channel support: 4,112 – 4,120
Short-term resistance: 4,151
Attention zone: 4,209
Strong resistance: 4,276
Bullish continuation target: 4,209
Main upside target: 4,276
Invalidation for bullish view: Below 4,112
TRADING SCENARIOS
Buy Scenario – Channel Continuation View
If gold holds above the 4,112 buy zone, I will watch for bullish continuation inside the rising channel.
Buy Zone: 4,112 – 4,120
Entry: Bullish rejection, liquidity sweep, lower-timeframe CHoCH, or strong bullish reaction from channel support
SL: Below 4,112 or below the nearest swing low
TP1: 4,151
TP2: 4,209
TP3: 4,276 if momentum continues
Breakout Buy Scenario
If gold breaks and holds above 4,151, buyers may continue pushing price toward the next liquidity area.
Buy Condition: Clean breakout above 4,151, followed by retest and bullish confirmation
Target: 4,209 – 4,276
Sell Scenario – Only If Channel Support Fails
Sell is not the priority while gold holds above the buy zone. However, if price breaks below 4,112, the recovery structure becomes weaker.
Sell Zone: Below 4,112 after confirmation
Entry: Clean breakdown, bearish retest, or lower-timeframe bearish CHoCH
TP1: 4,100
TP2: 4,080
TP3: Lower support if selling pressure expands
Invalidation: If price quickly reclaims 4,112 – 4,120, the sell idea becomes weaker.
MY VIEW ON GOLD
My current view for gold is cautious bullish while price stays inside the rising channel.
The pullback near 4,100 created pressure, but buyers are still defending the lower channel area. This means the market has not confirmed a bearish breakdown yet.
The key level for today is 4,112. If this zone holds, gold may continue toward 4,151 and possibly 4,209. If 4,112 fails, the structure changes and sellers may regain short-term control.
For now, gold is at a quiet but important decision point.
Do you think buyers will defend 4,112 and push gold toward 4,209, or will the rising channel break today?
XAUUSD: Buyers Are Walking Into a Sell Zone XAUUSD: Buyers Are Walking Into a Sell Zone
Market Context
Gold is trading around 4,124 after recovering from the early Asian weakness near 4,100. The market remains sensitive as US-Iran tension keeps risk sentiment unstable, while weaker US NFP data has reduced expectations for another Fed rate hike.
This creates a mixed backdrop for gold. Softer Fed expectations can support the metal, but USD volatility, oil pressure, and geopolitical headlines can still create sharp intraday swings.
The main story is simple: gold is rebounding, but price is now moving toward a short-term sell reaction zone. Buyers are not safe until 4,180 is reclaimed with strength.
Technical Structure
Gold is currently moving inside a short-term downward channel after failing from the recent upper structure. The recovery from 4,100 looks constructive, but it is still approaching resistance instead of confirming a clean breakout.
The key sell zone is 4,158 - 4,180. This is where sellers may return if price fails to break the channel and hold above liquidity.
If gold rejects from this zone, the first downside area to watch is 4,080 - 4,100. Below that, the main pullback support sits around 4,030 - 4,040.
The deeper demand zone remains 3,960 - 3,980. This is the major support area if sellers fully regain control.
Key Levels
Current Price: 4,124
Short-term Sell Zone: 4,158 - 4,180
First Downside Area: 4,080 - 4,100
Main Pullback Support: 4,030 - 4,040
Deep Demand Zone: 3,960 - 3,980
Bullish Confirmation: Above 4,180
Bearish Risk: Below 4,100
Trading Plan
Sell Scenario: Rejection From Sell Zone
Entry: 4,158 - 4,180 after bearish confirmation
Stop Loss: Above 4,200
TP1: 4,100
TP2: 4,080
TP3: 4,040
Conditions: Price must push into the 4,158 - 4,180 sell zone and fail to break higher. Bearish rejection should appear near the channel resistance. Buyers must lose momentum and price should start forming lower highs again. Avoid early sells before price reaches the reaction zone.
Buy Scenario: Breakout Above Supply
Entry: Above 4,180 after breakout and retest
Stop Loss: Below 4,140
TP1: 4,200
TP2: 4,220
TP3: 4,250
Conditions: Price must break above 4,180 with strength, retest the zone successfully, and hold above the short-term channel. A clear bullish BOS or CHOCH should appear before considering continuation. Avoid chasing the first breakout candle without a retest.
Buy Pullback Scenario
Entry: 4,030 - 4,040 after bullish confirmation
Stop Loss: Below 3,980
TP1: 4,080
TP2: 4,100
TP3: 4,158
Conditions: Price pulls back into the main support area and shows a strong bullish reaction. Buyers must defend 4,030 - 4,040 clearly. This setup is valid only if the pullback is controlled, not a sharp breakdown with strong bearish momentum.
Breakdown Sell
Entry: Below 4,030 after confirmed breakdown and retest
Stop Loss: Above 4,080
TP1: 3,980
TP2: 3,960
TP3: 3,940
Conditions: Price loses the main pullback support, retest fails, and bearish momentum continues. This would confirm that the rebound has failed and gold may rotate back into the deep demand zone.
Overall Bias
Gold is recovering, but the rebound is moving directly into resistance. The 4,158 - 4,180 zone is the decision area.
If sellers defend this zone, gold may drop back toward 4,100 and 4,040. If buyers break and hold above 4,180, the short-term structure can shift toward a stronger recovery.
Best approach: wait for reaction at 4,158 - 4,180. Do not chase buys when price is already close to the sell zone.
Will buyers break 4,180, or will sellers turn this rebound into another rejection?
XAUUSD: Pullback may pave way for higher movementGold is showing a short-term recovery after reacting from the lower exhaustion area near 4,020. From Kelly’s view, the current structure is improving, with price now moving inside a rising channel and forming a possible bullish Elliott sequence.
The key idea is simple: gold is recovering, but the cleaner buy setup may come after a controlled pullback into the wave 4 buy zone.
⟡ Market structure
The chart shows gold bounced strongly after completing the previous downside move. Price has formed higher lows and is now trading around 4,109, showing that buyers are trying to rebuild short-term momentum.
However, the market is approaching the 4,124 sell wave 3 area, which can create a small rejection or correction before the next upside leg continues.
The 4,095 buy zone wave 4 is the key area to watch. If price pulls back into this zone and holds, the bullish recovery structure remains valid and gold may continue towards the wave 5 completion zone around 4,170.
➤ Key levels
◌ 4,095: buy zone wave 4 and key support
◌ 4,109: current reaction area
◌ 4,124: sell wave 3 / short-term resistance
◌ 4,170: wave 5 completion zone
◌ Below 4,095: area where the recovery setup weakens
◌ Below 4,060: area where the bullish structure needs reassessment
⌁ Elliott Wave view
From an Elliott Wave perspective, gold may be building a new bullish 5-wave recovery after the previous bearish sequence ended near the lower base.
Wave 1 started the first recovery push.
Wave 2 corrected but held above the recent low.
Wave 3 is now testing resistance around 4,124.
Wave 4 may form as a pullback into the 4,095 buy zone.
If buyers defend this zone, wave 5 may continue towards 4,170.
This is why Kelly would not chase the current push directly into resistance. The better structure is to wait for price to correct, hold support, then look for the next continuation wave.
▸ Trading scenario
Preferred scenario: wait for price to pull back into the wave 4 buy zone and show bullish confirmation.
Entry zone: 4,095–4,105 if bullish confirmation appears
Stop loss: below the confirmed wave 4 low or below 4,080
Take profit 1: 4,124
Take profit 2: 4,150
Take profit 3: 4,170
Alternative scenario: if gold breaks below 4,095 and fails to recover, the bullish wave structure weakens. In that case, price may return towards the lower channel area before building a new setup.
⌁ Kelly’s view
For Kelly, this is a bullish recovery structure, but still a pullback-buy setup rather than a chase-buy setup. Gold has already reacted well from the lower zone, but price is now close to short-term resistance.
The cleanest plan is to watch how gold behaves around 4,095. If buyers protect that area, the next upside wave may continue towards the wave 5 completion zone.
Gold is recovering step by step.
If the wave 4 buy zone holds, the next move may still point higher.
Share your view below.
XAUUSD — 4,098 Became the Spring XAUUSD — 4,098 Became the Spring
Gold gave us a cleaner reaction than the bearish backdrop would make you expect, and that is exactly why this area is interesting.
Price had been heavy before, especially with the wider trend still sitting under the short-term and long-term moving averages. RSI and momentum are not giving a strong bullish story yet either, so I do not want to pretend the whole market has suddenly turned bullish. But on this chart, the short-term price action is telling a slightly different story.
Gold pushed down into the FVG buy zone around 4,029.000, swept the lower area, then started to climb back through the internal FVG near 4,060 - 4,090. That move feels like the market took a deep breath in discount, collected liquidity from late sellers, and then started walking price back toward the upper side of the range.
For me, the main bias is bullish while price holds above 4,098.231. That level is now the line where buyers need to defend the story. If gold stays above it and keeps building higher lows, the next area price may hunt is 4,157.572 first. A clean push above that would open the door for a move toward 4,180.476, which is where the premium zone starts to wake up.
The important detail is this: I am not treating this as a full trend reversal yet. I see it more as a short-term bullish recovery inside a wider bearish environment. If price loses 4,098.231 and fails to recover, the bounce becomes weak, and gold may need to revisit 4,029.000 again.
Key price zones to watch
Current reaction area: 4,120 - 4,130
Main demand / FVG buy zone: 4,000 - 4,029.000
Bullish confirmation zone: 4,157.572
Main upside liquidity target: 4,180.476
Premium reaction zone: 4,180.476 - 4,200
Lower support if buyers fail: 4,029.000
Major lower liquidity: 3,942.070
Invalidation: clean close below 4,098.231
Do you see this as a real recovery from the FVG buy zone, or just a short squeeze before sellers return near the premium zone?
GOLD: Is Gold Trading News by News?📌 Highlights
• Gold continues to react strongly to Trump’s statements and Iran’s responses. The market remains highly sensitive to headline risk.
• The June FOMC Minutes showed that the Fed wants to reduce forward guidance and has not given a clear signal on the timing of rate cuts.
• In the short term, the main focus remains on new headlines from the White House and Iran, which could trigger unexpected volatility.
📌 Trading Plan
Resistance: 4125–4135 | 4160–4180 | 4250–4260
Support: 4060–4075 | 4025–4035 | 3970
📌 Personal View
✅ Price is recovering within a short-term upward channel.
✅ Watch price reactions around support and resistance zones.
✅ Trade in the direction of the breakout.
XAUUSD: Wave 5 decline nears trendline Buy ZoneGold is still trading inside a descending channel, and the current structure shows price continuing lower within wave 5. From Kelly’s view, sellers are still controlling the short-term movement, but the market is now moving closer to a potential exhaustion area near the lower trendline.
The key idea is simple: gold may still complete one more downside leg first, but the better opportunity may come after wave 5 finishes near the trendline support.
⟡ Market structure
Price remains below the descending channel resistance and has rejected from the short-term sell zone around 4,300–4,320. This keeps the immediate structure bearish and supports the idea that wave 5 is still in progress.
The chart also shows a lower trendline buy area around 4,220–4,240. If price continues falling into this zone and starts to slow down, that area may become important for a possible corrective rebound.
For now, gold is still weak, but the lower channel zone is where sellers may begin to lose momentum.
➤ Key levels
◌ 4,300–4,320: short-term sell zone
◌ 4,340–4,350: stronger resistance and wave A sell zone
◌ 4,220–4,240: trendline buy zone and wave 5 completion area
◌ 4,423: higher recovery target if rebound develops
◌ Below 4,220: area where the buy setup weakens
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be developing the final part of a bearish 5-wave move inside the descending channel.
The current decline can still be counted as wave 5, and the projected ending area is near the lower trendline around 4,220–4,240. If price reaches this zone and prints a clear reversal candle, it may suggest that wave 5 is complete.
After that, the market may attempt an A-B-C corrective recovery, with the first important upside reference near 4,300–4,350 and a wider recovery possibility towards 4,423.
▸ Trading scenario
Preferred scenario: wait for price to complete wave 5 near the lower trendline, then observe for bullish confirmation.
Entry zone: 4,220–4,240 if a clear reversal candle appears
Stop loss: below 4,210 or below the confirmed reaction low
Take profit 1: 4,300
Take profit 2: 4,340–4,350
Take profit 3: 4,423 if the recovery expands
Alternative scenario: if gold breaks below 4,220 with strong momentum and fails to react, the wave 5 completion setup loses quality and the market may continue lower before forming a new base.
⌁ Kelly’s view
For Kelly, this is not a place to chase the downside aggressively. The trend is still bearish, but price is moving closer to the lower trendline where wave 5 may complete.
The cleaner plan is to wait for price to reach the 4,220–4,240 zone, then watch whether buyers create a valid reversal candle.
Gold is still falling inside wave 5.
But if the lower trendline holds, the next meaningful move may be a corrective rebound.
Share your view below.
XAUUSD: Will Gold Keep Dropping?I warned everyone on Monday that short positions could be opened once gold climbed above $4200, with a bearish target zone of $3900 to $3800. The market moved exactly as I predicted, sliding back down to around $4020, and the downtrend is set to continue.
When trading within a bearish trend, our core strategy is to follow the momentum. We must watch the prior low support near $3950 closely. If this sell-off fails to break the $3950 support level, the current downtrend will terminate, and a prolonged bullish rally will kick off. If the support breaks decisively, prices will slide toward $3800.
Massive trading opportunities will emerge in the market soon, yet they come with substantial risks. Please only trade under professional guidance. I will release timely strategy updates to help you secure profits.
XAUUSD – Gold Recovers From 4,000, But The Risk Is Not Gone Yet XAUUSD – Gold Recovers From 4,000, But The Risk Is Not Gone Yet
Gold is recovering, but the chart still needs confirmation.
After approaching the 4,000 area, price reacted from the lower liquidity zone and is now trading around 4,106. The short-term recovery looks positive, but gold is still inside a corrective channel and below key resistance.
FUNDAMENTAL ANALYSIS
Gold is supported by rising Middle East tensions, which can boost safe-haven demand. However, overall pressure on precious metals remains, so the market is still cautious.
For now, price reaction around 4,130 and 4,196 is more important than news.
TECHNICAL ANALYSIS – SMC + MARKET STRUCTURE
Gold bounced from the buy order zone near 4,061, showing buyers are defending this level. As long as price holds above 4,061, the recovery can continue.
The first resistance is 4,130. A break above this level could push price toward 4,196. However, 4,196 is a stronger resistance where sellers may react again.
If rejection appears at these levels, gold could pull back toward 4,091 or 4,061.
KEY PRICE ZONES TO WATCH
Current price: 4,106
Buy zone: 4,061
Support: 4,091
Sell zone: 4,130
Main resistance: 4,196
Lower liquidity: 4,020 – 4,030
Invalidation: Below 4,061
TRADING SCENARIOS
Buy Scenario
Buy Zone: 4,061 – 4,091
Entry: Bullish reaction or confirmation
SL: Below 4,061
TP1: 4,130
TP2: 4,196
Breakout Buy
Condition: Break and hold above 4,130
Target: 4,196
Sell Scenario
Sell Zone: 4,130 or 4,196
Entry: Bearish rejection or failed breakout
TP1: 4,091
TP2: 4,061
TP3: 4,020 – 4,030
Invalidation: Above 4,196
MY VIEW ON GOLD
Gold is in a cautious recovery, not a full bullish reversal yet.
As long as 4,061 holds, price can move toward 4,130 and 4,196. But sellers may still react at resistance.
Key question: can gold break and hold above 4,130?
If yes, 4,196 is next. If not, price may return to 4,061.






















