Following a strong recovery from the 3,960 level, XAUUSD is maintaining a structure of higher highs and higher lows on the H1 timeframe. The price is currently hugging the uptrend line and has just bounced off the 4,009 support zone, indicating that buying pressure remains in control of short-term movements. This area also serves as a critical anchor point should the market undergo a correction.
Based on the chart scenario, the price may retest the trend line around 4,009 before resuming its ascent. If buying pressure holds this support level and successfully breaks through the overhead supply zone, XAUUSD has the potential to extend its gains toward the 4,070 area—a level where liquidity and key resistance converge on the H1 timeframe.
Although fundamentally gold remains under pressure from expectations that the Fed will maintain high interest rates and elevated US bond yields, technical indicators suggest that buying pressure dominates the short term. Unless the US Dollar stages a strong rebound, this technical recovery could well continue before the market reassesses the broader trend.
Strategy:
- BUY if the price holds above 4,009 and a bullish confirmation signal appears,
- Target: 4,070.
Based on the chart scenario, the price may retest the trend line around 4,009 before resuming its ascent. If buying pressure holds this support level and successfully breaks through the overhead supply zone, XAUUSD has the potential to extend its gains toward the 4,070 area—a level where liquidity and key resistance converge on the H1 timeframe.
Although fundamentally gold remains under pressure from expectations that the Fed will maintain high interest rates and elevated US bond yields, technical indicators suggest that buying pressure dominates the short term. Unless the US Dollar stages a strong rebound, this technical recovery could well continue before the market reassesses the broader trend.
Strategy:
- BUY if the price holds above 4,009 and a bullish confirmation signal appears,
- Target: 4,070.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。