Gold(
XAUUSD) bounced from two days ago mainly due to oversold conditions and margin-unwind dynamics, and touched the targets of my previous idea.
But the fundamental short case is still valid: the U.S. Dollar has near-term support, and if DXY(
DXY) firms up again it usually caps Gold’s upside—especially with the US 10Y yield around 4.29%(
US10Y).
At the same time, the partial U.S. government shutdown and delayed key releases add uncertainty, which typically supports safe-haven demand.
My bias: look for shorts on failed follow-through (weak bounce) while Dollar/yields stay bid.
If DXY rallies again, can Gold reclaim today’s highs?
Let’s dive into a technical analysis of gold on the 1-hour timeframe.
Currently, gold is moving within the resistance zone($4,991-$4,878) and near the Potential Reversal Zone(PRZ)[$5,042-$4,935].
From an Elliott Wave perspective, the recent +10% rise in gold over the last two days is likely a corrective structure, most likely a zigzag correction(ABC/5-3-5).
I expect that AFTER breaking the support lines, gold will decline at least to $4,707 and fill the lower gap($4,695-$4,661).
First Target: $4,707
Second Target: $4,569
Stop Loss(SL): $5,079
Points may shift as the market evolves
Can gold resume its bullish trend, or should we expect deeper corrections?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Gold Analyze (XAUUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
XAUUSD) bounced from two days ago mainly due to oversold conditions and margin-unwind dynamics, and touched the targets of my previous idea.But the fundamental short case is still valid: the U.S. Dollar has near-term support, and if DXY(
DXY) firms up again it usually caps Gold’s upside—especially with the US 10Y yield around 4.29%(US10Y).At the same time, the partial U.S. government shutdown and delayed key releases add uncertainty, which typically supports safe-haven demand.
My bias: look for shorts on failed follow-through (weak bounce) while Dollar/yields stay bid.
If DXY rallies again, can Gold reclaim today’s highs?
Let’s dive into a technical analysis of gold on the 1-hour timeframe.
Currently, gold is moving within the resistance zone($4,991-$4,878) and near the Potential Reversal Zone(PRZ)[$5,042-$4,935].
From an Elliott Wave perspective, the recent +10% rise in gold over the last two days is likely a corrective structure, most likely a zigzag correction(ABC/5-3-5).
I expect that AFTER breaking the support lines, gold will decline at least to $4,707 and fill the lower gap($4,695-$4,661).
First Target: $4,707
Second Target: $4,569
Stop Loss(SL): $5,079
Points may shift as the market evolves
Can gold resume its bullish trend, or should we expect deeper corrections?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Gold Analyze (XAUUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade attivo
Trade was activatedNota
🚨It appears that tensions in the Middle East between Iran and the United States are escalating, and traders should be prepared for all possible scenarios. Nota
I think we can expect a correction as long as gold does not break above $5,200 and the resistance zone($5,172-$5,097). Meanwhile, the upward trend in gold over the past two days has not been with large volume, and even volume divergence is seen, and the resistance zone($4,991-$4,878) has not been broken with large momentum and volume.
I am still short on gold. But the main trend of gold will become more clear as the US markets open (New York time).
Gold at ~$5050 today, up +15% in rebound from recent crash.
Bullish drivers: Central bank demand, US-Iran tensions, Fed rate cut bets. But Warsh Fed nomination strengthened USD, adding bearish pressure.
Today's indices (ADP ~46K forecast, ISM Services ~53.5) are key: Strong data = short-term bearish; weak = bullish.
Please don't forget to follow capital management
Trade chiuso: obiettivo raggiunto
Target Done
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🎁 Free VIP Forex and Crypto Signals, please visit:
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🎁 Free VIP Forex and Crypto Signals, please visit:
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.