1. MACRO DRIVERS
Gold prices are showing renewed weakness around the 4,530 area after yesterday’s recovery rally, which was initially supported by headlines regarding potential progress in US–Iran peace negotiations.
The easing geopolitical tension weakened the US Dollar’s appeal as a traditional safe-haven currency, helping XAU/USD rebound during the previous session.
However, the upside momentum in gold remains limited after the latest FOMC meeting minutes revealed that several Federal Reserve officials still believe additional rate hikes may become necessary if the Iran conflict continues to worsen inflationary pressures.
This hawkish tone from the Fed continues to cap gold’s recovery, as higher interest rate expectations tend to reduce demand for non-yielding safe-haven assets such as gold.
2. STRUCTURE & LIQUIDITY
From the 4H perspective, gold still maintains a bearish market structure after failing to break above the major supply zone around 4,570 – 4,580.
In addition, the bearish alignment of the EMA 34/89 continues to support the current downside structure, suggesting that sellers still maintain medium-term control over price action.
The upper boundary around 4,570 – 4,580 continues to act as a major buy-side liquidity zone, while the lower boundary around 4,510 – 4,500 remains an important demand area where buyers continue absorbing selling pressure.
It is important to note that any decisive breakout beyond either of these liquidity zones could trigger a strong expansion in volatility toward the breakout direction.
3. OUTLOOK
As geopolitical conditions remain in a waiting phase without any major escalation, short-term price action will likely continue to depend on liquidity behavior around key structural zones.
Investors should continue monitoring developments surrounding US–Iran relations, as well as upcoming Federal Reserve expectations, since these remain the key catalysts capable of determining gold’s next directional move and the probability of a breakout in the near term.
Wishing you a successful trading day
Gold prices are showing renewed weakness around the 4,530 area after yesterday’s recovery rally, which was initially supported by headlines regarding potential progress in US–Iran peace negotiations.
The easing geopolitical tension weakened the US Dollar’s appeal as a traditional safe-haven currency, helping XAU/USD rebound during the previous session.
However, the upside momentum in gold remains limited after the latest FOMC meeting minutes revealed that several Federal Reserve officials still believe additional rate hikes may become necessary if the Iran conflict continues to worsen inflationary pressures.
This hawkish tone from the Fed continues to cap gold’s recovery, as higher interest rate expectations tend to reduce demand for non-yielding safe-haven assets such as gold.
2. STRUCTURE & LIQUIDITY
From the 4H perspective, gold still maintains a bearish market structure after failing to break above the major supply zone around 4,570 – 4,580.
In addition, the bearish alignment of the EMA 34/89 continues to support the current downside structure, suggesting that sellers still maintain medium-term control over price action.
The upper boundary around 4,570 – 4,580 continues to act as a major buy-side liquidity zone, while the lower boundary around 4,510 – 4,500 remains an important demand area where buyers continue absorbing selling pressure.
It is important to note that any decisive breakout beyond either of these liquidity zones could trigger a strong expansion in volatility toward the breakout direction.
3. OUTLOOK
As geopolitical conditions remain in a waiting phase without any major escalation, short-term price action will likely continue to depend on liquidity behavior around key structural zones.
Investors should continue monitoring developments surrounding US–Iran relations, as well as upcoming Federal Reserve expectations, since these remain the key catalysts capable of determining gold’s next directional move and the probability of a breakout in the near term.
Wishing you a successful trading day
Giao dịch đang hoạt động
the plan is still on track Đóng lệnh: đạt mục tiêu
Update XAU/USD:Price continues to trade within the previously mentioned range, and the overall plan remains on track.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.