Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD is trading within a broader bullish structure, but the current price action shows signs of a short-term corrective phase after a strong impulsive move higher. Earlier, gold successfully broke above the Triangle Resistance Line, which marked the end of the previous bearish pressure and confirmed a shift in market control toward buyers. Following this breakout, price entered a Range phase, where the market consolidated and built liquidity before the next move. This consolidation was later resolved with a strong breakout above the Range, pushing XAUUSD into a higher price zone and confirming continued bullish momentum.
Currently, after the breakout, gold rallied sharply and reached the Resistance Zone around 4,350–4,360, where sellers began to react. This area has historically acted as a strong supply zone, and the current rejection indicates that selling pressure is increasing at these highs. At the moment, price is pulling back from the resistance and moving toward the Support Zone around 4,270, which aligns with the previous breakout structure and the rising Trend Line. This zone represents a key demand area where buyers previously stepped in.
My Scenario & Strategy
My scenario is short-term corrective as long as XAUUSD remains below the 4,350 Resistance Zone and continues to show rejection from this level. I expect price to retrace toward the 4,270 Support Zone, where the next reaction will be critical for short-term direction. A clean breakdown below the 4,270 Support Zone would signal a deeper correction and could open the path toward lower demand levels along the trend line.
However, if price reaches support and shows a strong bullish reaction, the broader bullish structure remains intact, and buyers may attempt another push toward the resistance highs. For now, the market is in a pullback phase, with 4,270 as the key level to watch for confirmation of either continuation or deeper correction.
That’s the setup I’m monitoring. Thank you for your attention, and always manage your risk.
Market Analysis
XAUUSD is trading within a broader bullish structure, but the current price action shows signs of a short-term corrective phase after a strong impulsive move higher. Earlier, gold successfully broke above the Triangle Resistance Line, which marked the end of the previous bearish pressure and confirmed a shift in market control toward buyers. Following this breakout, price entered a Range phase, where the market consolidated and built liquidity before the next move. This consolidation was later resolved with a strong breakout above the Range, pushing XAUUSD into a higher price zone and confirming continued bullish momentum.
Currently, after the breakout, gold rallied sharply and reached the Resistance Zone around 4,350–4,360, where sellers began to react. This area has historically acted as a strong supply zone, and the current rejection indicates that selling pressure is increasing at these highs. At the moment, price is pulling back from the resistance and moving toward the Support Zone around 4,270, which aligns with the previous breakout structure and the rising Trend Line. This zone represents a key demand area where buyers previously stepped in.
My Scenario & Strategy
My scenario is short-term corrective as long as XAUUSD remains below the 4,350 Resistance Zone and continues to show rejection from this level. I expect price to retrace toward the 4,270 Support Zone, where the next reaction will be critical for short-term direction. A clean breakdown below the 4,270 Support Zone would signal a deeper correction and could open the path toward lower demand levels along the trend line.
However, if price reaches support and shows a strong bullish reaction, the broader bullish structure remains intact, and buyers may attempt another push toward the resistance highs. For now, the market is in a pullback phase, with 4,270 as the key level to watch for confirmation of either continuation or deeper correction.
That’s the setup I’m monitoring. Thank you for your attention, and always manage your risk.
Zlecenie aktywne
So far, we see in gold that there is a completely unstable retest of the resistance zone and the price has fallen below this level again, so we expect further manipulations.Zlecenie zamknięto ręcznie
Buyers keep the price under pressure and it remains in the resistance zone, opening new highs.
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🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.