Hello everyone, Domic here
On the H4 timeframe, what stands out is not the recent drop itself, but the distance gold had traveled beforehand. The steep rally pushed price far away from EMA 34 and EMA 89 within a short period, and the current decline is essentially bringing the market back toward its familiar “gravity zone” around the EMA 89 near 4,900. Selling pressure accompanied by elevated volume points more toward proactive profit-taking than emotional panic selling. In a strong trend, EMA 89 often serves as a confidence test for buyers — and a return to this level reflects structural rebalancing rather than a clear trend breakdown. At the moment, the 4,880 – 4,950 band is acting as a short-term equilibrium zone where the market is assessing whether demand still has enough patience to hold.
The momentum behind this correction comes from the convergence of several factors rather than a single headline:
In terms of key levels to watch, the 4,880 – 4,950 region remains the nearest structural support; holding this area suggests the medium-term trend still has a foundation. In a scenario where the correction extends, the 4,600 mark becomes a reasonable “reset” zone for the market to rebuild accumulation before considering a more sustainable upward leg.
Wishing you all effective trading sessions.
On the H4 timeframe, what stands out is not the recent drop itself, but the distance gold had traveled beforehand. The steep rally pushed price far away from EMA 34 and EMA 89 within a short period, and the current decline is essentially bringing the market back toward its familiar “gravity zone” around the EMA 89 near 4,900. Selling pressure accompanied by elevated volume points more toward proactive profit-taking than emotional panic selling. In a strong trend, EMA 89 often serves as a confidence test for buyers — and a return to this level reflects structural rebalancing rather than a clear trend breakdown. At the moment, the 4,880 – 4,950 band is acting as a short-term equilibrium zone where the market is assessing whether demand still has enough patience to hold.
The momentum behind this correction comes from the convergence of several factors rather than a single headline:
- After months of unusually wide upside expansion, the need to lock in profits at higher levels is a natural reaction from larger flows; precious metals typically require a cooling phase before establishing a new trajectory.
- At the same time, a rebound in the USD and a slight uptick in real yield expectations have added short-term valuation pressure, temporarily removing part of gold’s immediate support.
- Policy-related uncertainty easing has also softened safe-haven demand — but this represents a short-term moderation in momentum, not a long-term change in gold’s core role.
In terms of key levels to watch, the 4,880 – 4,950 region remains the nearest structural support; holding this area suggests the medium-term trend still has a foundation. In a scenario where the correction extends, the 4,600 mark becomes a reasonable “reset” zone for the market to rebuild accumulation before considering a more sustainable upward leg.
Wishing you all effective trading sessions.
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.