XAUUSD – Gold Pulls Back From The High, 4,364 Is The Decision

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XAUUSD – Gold Pulls Back From The High, 4,364 Is The Decision Zone

Gold is cooling down after reaching the upper resistance area.

Price is currently trading around 4,365 after failing to hold near the recent high. The chart shows a clear rejection from the strong resistance zone above, and gold is now testing the Strong Volume Buy Order area around 4,364.

This is the key decision zone for today.

If buyers defend this area, gold may recover toward the CPI liquidity level around 4,382 and possibly the sell order liquidity zone near 4,418. But if this support fails, the pullback may continue toward the stronger support zone around 4,321.

FUNDAMENTAL ANALYSIS

Gold is moving lower from its recent 10-week high while the market continues to watch U.S.–Iran tensions and USD movement.

Middle East risk can still support gold through safe-haven demand, but the U.S. dollar is also receiving support from cautious market sentiment. This creates mixed pressure: gold has fundamental reasons to stay supported, but a stronger USD can limit upside momentum.

On the daily view, gold still has a bullish background while the market waits for stronger confirmation. But on the short-term chart, price is now correcting and must defend support before buyers regain control.

TECHNICAL ANALYSIS – SMC + FIBONACCI

From an SMC perspective, gold has lost short-term momentum after rejecting from the strong resistance area around 4,430 – 4,440.

Price has also broken below the short-term rising trendline, which means the bullish move is now entering a correction phase. This does not mean the full trend has reversed, but it does show that buyers need to prove strength again.

The most important zone now is 4,364. This area is marked as Strong Volume / Buy Order support. If gold holds here and creates bullish confirmation, price may retest 4,382 first.

Above 4,382, the next important reaction zone is 4,418. This is the sell order liquidity area, where sellers may defend again.

If gold fails to hold 4,364, the next downside target is 4,321, which is the stronger support zone on the chart.

KEY PRICE ZONES

Current price: 4,365
Strong Volume / Buy Order: 4,364
CPI liquidity level: 4,382

Sell order liquidity: 4,418
Strong resistance: 4,430 – 4,440
Strong support: 4,321

Bullish recovery valid: Above 4,364
Bearish pressure returns: Below 4,364
Invalidation for short-term bullish reaction: Below 4,321

TRADING SCENARIOS

Buy Scenario – Support Reaction

Buy Zone: 4,364
Entry: Bullish rejection, liquidity sweep, lower-timeframe CHoCH, or strong reaction from the Buy Order zone
SL: Below 4,364 or below the nearest swing low

TP1: 4,382
TP2: 4,418
TP3: 4,430 if momentum expands

Sell Scenario – Reaction From Liquidity

Sell Zone: 4,382 – 4,418
Entry: Bearish rejection, failed reclaim, or lower-timeframe bearish CHoCH
SL: Above the rejection swing high

TP1: 4,364
TP2: 4,321

Breakdown Sell

Condition: Clean break below 4,364
Entry: Retest and bearish confirmation
Target: 4,321

MY VIEW

Gold is still strong on the bigger picture, but short-term momentum is correcting.

The current chart is not a clean chase-buy area. Price is sitting directly on the decision zone at 4,364. If buyers defend this area, a recovery toward 4,382 and 4,418 is possible.

But if 4,364 fails, the market may continue lower toward 4,321 before finding stronger support.

For me, the key is simple: gold must hold 4,364 to keep the short-term recovery alive.

Do you think gold will defend the 4,364 Buy Order zone, or will sellers push price down toward 4,321 first?

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