Hello everyone, Domic here.
Looking at the XAUUSD H4 chart at the start of the week, what really stands out to me is not where price is trading, but the strong bullish GAP that appeared right at the market open.
In context, this GAP formed at a very “logical” spot. Prior to the weekend, price had been holding firmly above both the EMA 34 and EMA 89, with the bullish structure fully intact. At the same time, price action was getting increasingly compressed around the 4,580–4,610 zone. When a market consolidates long enough within a strong uptrend, it often doesn’t climb step by step anymore — it jumps to a new price level. This opening GAP is a direct result of that built-up pressure.
As for the catalyst, the story behind this move is fairly familiar. Expectations of a dovish Fed stance going into next year remain unchanged, US bond yields have failed to establish a fresh upside trend, while geopolitical risks continue to support safe-haven demand. When such factors emerge or intensify over the weekend, the market often cannot react immediately. Instead, the adjustment gets priced in at the weekly open. Combined with thinner liquidity during the Asian session, it doesn’t take much buying pressure for a GAP like this to form.
The key question many traders are asking now is: will this GAP get filled?
My view is quite straightforward — not every GAP is meant to be filled. In a strong uptrend, GAPs often act as continuation signals rather than inefficiencies to be corrected. At this stage, my preferred scenario is a technical pullback toward the upper part of the GAP to “retest conviction,” followed by a continuation toward the 4,700–4,730 area. If that zone is broken decisively, it would add another layer of confirmation to the medium-term bullish trend.
Looking at the XAUUSD H4 chart at the start of the week, what really stands out to me is not where price is trading, but the strong bullish GAP that appeared right at the market open.
In context, this GAP formed at a very “logical” spot. Prior to the weekend, price had been holding firmly above both the EMA 34 and EMA 89, with the bullish structure fully intact. At the same time, price action was getting increasingly compressed around the 4,580–4,610 zone. When a market consolidates long enough within a strong uptrend, it often doesn’t climb step by step anymore — it jumps to a new price level. This opening GAP is a direct result of that built-up pressure.
As for the catalyst, the story behind this move is fairly familiar. Expectations of a dovish Fed stance going into next year remain unchanged, US bond yields have failed to establish a fresh upside trend, while geopolitical risks continue to support safe-haven demand. When such factors emerge or intensify over the weekend, the market often cannot react immediately. Instead, the adjustment gets priced in at the weekly open. Combined with thinner liquidity during the Asian session, it doesn’t take much buying pressure for a GAP like this to form.
The key question many traders are asking now is: will this GAP get filled?
My view is quite straightforward — not every GAP is meant to be filled. In a strong uptrend, GAPs often act as continuation signals rather than inefficiencies to be corrected. At this stage, my preferred scenario is a technical pullback toward the upper part of the GAP to “retest conviction,” followed by a continuation toward the 4,700–4,730 area. If that zone is broken decisively, it would add another layer of confirmation to the medium-term bullish trend.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+dfxDTk_DRtg4Mzll
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.