Oro / Dollaro
Long

XAUUSD H1 – Gold Reclaims 4500 Is 4837 the Next Liquidity Target

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Gold is accelerating higher after reclaiming the 4500 psychological level, as hopes for a U.S.–Iran ceasefire eased inflation concerns, pushed U.S. yields lower, and triggered fresh selling pressure on the U.S. dollar.

That creates a supportive backdrop for gold in the Asian session. But this move is not only about the news. On the H1 chart, price is now showing a clear recovery channel, with buyers steadily rotating price from the lows into overhead liquidity.

The key question now is no longer whether gold looks strong.
The real question is: does this rally have enough strength to extend toward 4714–4837, or does the market need a pullback first?

Macro Narrative

From the MMFLOW perspective, the main driver behind the current rally is short-term USD weakness.

As hopes for de-escalation reduce inflation pressure, the market begins to reprice the path of U.S. yields. That gives gold a cleaner environment to recover:

weaker USD
softer yield pressure
renewed strength across commodities

That said, this is still not a fully one-way bullish environment.
If hawkish Fed expectations start building again, gold could begin to slow down once it reaches the higher supply zones.

So while the current rally has a valid macro base, the real test will come from the quality of follow-through at resistance.

News Context

The current backdrop is supporting gold through:

hopes of a U.S.–Iran ceasefire, which is weakening the dollar
softer U.S. yields, giving gold more room to recover
price reclaiming the 4500 psychological level, improving short-term structure significantly

However, traders still need to watch the risk that if Fed tightening expectations return, this rally may start losing momentum as price moves into higher resistance.

Technical Overview

On the H1 timeframe, gold is trading inside an ascending channel, which suggests buyers are controlling the short-term structure.

Price has rebounded strongly from the previous discount zone and is now approaching 4617, which is the first nearby resistance and the next quality test for the current rally.

If price continues respecting the bullish channel, the next upside zones to watch are:

4617 – first resistance / immediate test zone
4714 – next resistance / intermediate liquidity area
4837 – major upside target / higher liquidity zone

On the downside, if price gets rejected from 4617 and loses 4491, the market may need a technical pullback to retest demand before deciding whether to continue higher.

Key Levels

Support / Demand

4491 – near-term support / bullish structure-holding zone
lower boundary of the ascending channel – dynamic support

Resistance / Liquidity

4617 – first resistance
4714 – intermediate liquidity zone
4837 – major upside target
IF–THEN Scenarios

📈 Bullish scenario

If price holds above 4491 and continues respecting the current ascending channel, gold may extend higher toward:

4617
4714
and potentially 4837

This remains the scenario most aligned with the current structure:
USD weakness + bullish channel + recovery continuation.

📉 Pullback scenario

If price reaches 4617 but fails to break decisively above it, the market may print a technical pullback toward 4491 or the lower boundary of the channel before deciding whether to continue higher.

That would not immediately damage the bullish structure, as long as price continues to hold the demand zone below.

Trading Insight

The most important thing right now is not chasing the rally.
It is watching the quality of reaction around 4617.

A market that truly wants to go higher usually shows:

shallow pullbacks
strong defense of the breakout zone
and continued rotation into higher liquidity

So for today, the 4491–4617 zone is the key decision area. It may determine whether gold has enough strength to extend toward 4714–4837, or whether this move needs a reset first.

Do you think gold will continue expanding toward 4714–4837, or does XAUUSD need a pullback into 4491 before the next push higher?

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