XAUUSD: Buyers Push, But Sellers Wait at 4,060
Market Context
Gold is recovering inside a short-term upward channel after reacting from the lower zone near the weekly bottom. Buyers are showing strength, but the market is not completely free yet.
Macro sentiment remains sensitive. US-Iran tensions can keep safe-haven flows active, while Fed expectations are still important for USD direction. Even if traders see a lower chance of an immediate Fed hike, the idea of a restrictive Fed later this year can still limit gold’s upside.
Key point: gold is bouncing, but the next test is the Seller’s Last Defense zone.
Technical Structure
Gold is trading around 4,044 after a strong rebound from the Smart Money Buy Zone. Price is moving inside a short-term bullish channel, supported by recent CHOCH and BOS signals.
The nearest resistance is 4,060 - 4,080. This is the Seller’s Last Defense area. If price reaches this zone and rejects, profit-taking or fresh selling pressure may appear.
The main support below is 4,000 - 4,010. This is the Bulls Must Hold zone. As long as price holds above this area, the recovery structure remains valid.
If 4,000 - 4,010 breaks, gold may return toward the Smart Money Buy Zone around 3,960 - 3,990.
Key Levels
Current Price: 4,044
Seller’s Last Defense: 4,060 - 4,080
Bulls Must Hold: 4,000 - 4,010
Smart Money Buy Zone: 3,960 - 3,990
Channel Resistance: 4,060 - 4,080
Bullish Confirmation: Above 4,080
Bearish Risk: Below 4,000
Trading Plan
Buy Scenario
Entry: 4,000 - 4,010
SL: Below 3,960
TP: 4,044 / 4,060 / 4,080
Condition: Price must pull back into the Bulls Must Hold zone and show bullish confirmation. Buyers need to defend the lower channel and keep forming higher lows.
Buy Breakout
Entry: Above 4,080
SL: Below 4,044
TP: 4,100 / 4,120 / 4,140
Condition: Price must break above the Seller’s Last Defense zone with strength, retest successfully, and hold above 4,080. Avoid chasing the first breakout candle without confirmation.
Sell Scenario
Entry: 4,060 - 4,080
SL: Above 4,100
TP: 4,044 / 4,010 / 4,000
Condition: Price reaches the Seller’s Last Defense zone and gets rejected. Bearish reaction from this area could trigger a pullback toward the main support zone.
Breakdown Sell
Entry: Below 4,000
SL: Above 4,025
TP: 3,990 / 3,960 / 3,940
Condition: Bulls Must Hold fails, retest is rejected, and bearish momentum continues. This would confirm that the recovery channel is weakening.
Overall Bias
Gold is recovering, but the market is now approaching an important resistance area. The short-term structure remains constructive while price holds above 4,000 - 4,010.
The key decision zone is 4,060 - 4,080. A breakout above this area can extend the recovery. A rejection may send gold back toward 4,010 or even 3,960 - 3,990.
Best approach: do not chase price into resistance. Wait for a clean reaction at 4,060 - 4,080 or a pullback into the Bulls Must Hold zone.
Will buyers break 4,080, or will sellers defend this zone and push gold back into support?
Market Context
Gold is recovering inside a short-term upward channel after reacting from the lower zone near the weekly bottom. Buyers are showing strength, but the market is not completely free yet.
Macro sentiment remains sensitive. US-Iran tensions can keep safe-haven flows active, while Fed expectations are still important for USD direction. Even if traders see a lower chance of an immediate Fed hike, the idea of a restrictive Fed later this year can still limit gold’s upside.
Key point: gold is bouncing, but the next test is the Seller’s Last Defense zone.
Technical Structure
Gold is trading around 4,044 after a strong rebound from the Smart Money Buy Zone. Price is moving inside a short-term bullish channel, supported by recent CHOCH and BOS signals.
The nearest resistance is 4,060 - 4,080. This is the Seller’s Last Defense area. If price reaches this zone and rejects, profit-taking or fresh selling pressure may appear.
The main support below is 4,000 - 4,010. This is the Bulls Must Hold zone. As long as price holds above this area, the recovery structure remains valid.
If 4,000 - 4,010 breaks, gold may return toward the Smart Money Buy Zone around 3,960 - 3,990.
Key Levels
Current Price: 4,044
Seller’s Last Defense: 4,060 - 4,080
Bulls Must Hold: 4,000 - 4,010
Smart Money Buy Zone: 3,960 - 3,990
Channel Resistance: 4,060 - 4,080
Bullish Confirmation: Above 4,080
Bearish Risk: Below 4,000
Trading Plan
Buy Scenario
Entry: 4,000 - 4,010
SL: Below 3,960
TP: 4,044 / 4,060 / 4,080
Condition: Price must pull back into the Bulls Must Hold zone and show bullish confirmation. Buyers need to defend the lower channel and keep forming higher lows.
Buy Breakout
Entry: Above 4,080
SL: Below 4,044
TP: 4,100 / 4,120 / 4,140
Condition: Price must break above the Seller’s Last Defense zone with strength, retest successfully, and hold above 4,080. Avoid chasing the first breakout candle without confirmation.
Sell Scenario
Entry: 4,060 - 4,080
SL: Above 4,100
TP: 4,044 / 4,010 / 4,000
Condition: Price reaches the Seller’s Last Defense zone and gets rejected. Bearish reaction from this area could trigger a pullback toward the main support zone.
Breakdown Sell
Entry: Below 4,000
SL: Above 4,025
TP: 3,990 / 3,960 / 3,940
Condition: Bulls Must Hold fails, retest is rejected, and bearish momentum continues. This would confirm that the recovery channel is weakening.
Overall Bias
Gold is recovering, but the market is now approaching an important resistance area. The short-term structure remains constructive while price holds above 4,000 - 4,010.
The key decision zone is 4,060 - 4,080. A breakout above this area can extend the recovery. A rejection may send gold back toward 4,010 or even 3,960 - 3,990.
Best approach: do not chase price into resistance. Wait for a clean reaction at 4,060 - 4,080 or a pullback into the Bulls Must Hold zone.
Will buyers break 4,080, or will sellers defend this zone and push gold back into support?
📌 Owen Steele · XAUUSD · SMC · Order Blocks · Liquidity
🕐Weekly outlook every Monday t.me/+X3kNEpwkIcE1ZDY1
💬 Deeper analysis & real-time updates
🔔 Boost if this helped · t.me/+up9c00DV6so3NWQ9
🕐Weekly outlook every Monday t.me/+X3kNEpwkIcE1ZDY1
💬 Deeper analysis & real-time updates
🔔 Boost if this helped · t.me/+up9c00DV6so3NWQ9
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📌 Owen Steele · XAUUSD · SMC · Order Blocks · Liquidity
🕐Weekly outlook every Monday t.me/+X3kNEpwkIcE1ZDY1
💬 Deeper analysis & real-time updates
🔔 Boost if this helped · t.me/+up9c00DV6so3NWQ9
🕐Weekly outlook every Monday t.me/+X3kNEpwkIcE1ZDY1
💬 Deeper analysis & real-time updates
🔔 Boost if this helped · t.me/+up9c00DV6so3NWQ9
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน