Gold is pulling back again after failing to extend higher, but the key difference now is that price is moving back toward the main support zone at 4,486.
Market View
The broader structure still leans bearish to neutral
Price remains inside the larger descending channel
The current move is a pullback into support, not a confirmed bullish breakout
Key Zones
4,486 → main support
5,052 → upside target if buyers defend support and recovery strengthens
The current 4,670 area is a short-term reaction zone
If 4,486 breaks, downside pressure may expand again within the broader bearish structure
Trading Plan
If price holds above 4,486
→ gold may rebound and attempt a move back toward the upper resistance zone
If buyers react strongly from support
→ the next major upside target remains 5,052
If 4,486 breaks clearly
→ the recovery idea weakens and bearish continuation becomes more likely
MMFLOW View
This chart is still not clean bullish.
Gold is sitting at a key decision zone.
As long as 4,486 holds, a rebound remains possible. But if support fails, the market could fall back into the broader downtrend.
Bias today: Cautious bullish while above 4,486
Market View
The broader structure still leans bearish to neutral
Price remains inside the larger descending channel
The current move is a pullback into support, not a confirmed bullish breakout
Key Zones
4,486 → main support
5,052 → upside target if buyers defend support and recovery strengthens
The current 4,670 area is a short-term reaction zone
If 4,486 breaks, downside pressure may expand again within the broader bearish structure
Trading Plan
If price holds above 4,486
→ gold may rebound and attempt a move back toward the upper resistance zone
If buyers react strongly from support
→ the next major upside target remains 5,052
If 4,486 breaks clearly
→ the recovery idea weakens and bearish continuation becomes more likely
MMFLOW View
This chart is still not clean bullish.
Gold is sitting at a key decision zone.
As long as 4,486 holds, a rebound remains possible. But if support fails, the market could fall back into the broader downtrend.
Bias today: Cautious bullish while above 4,486
Сделка активна
• US–Iran tensions remain elevated → Hormuz blockade still unresolved
• Iran says talks are possible, but only if the US removes the blockade first
• Trump: “We are looking at it very seriously” → no deal yet
• USD softens slightly (DXY ~98.2 – 98.3) → supporting gold upside
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.