Gold Bulls Regaining Control? Here's What to Watch Next!
Hello traders, Galvin here – let’s dive into today’s gold price action!
Currently, XAUUSD is showing signs of a mild recovery after rebounding from the Fair Value Gap (FVG) zone around $3,200, which aligns closely with the EMA34 support. On the daily timeframe (D1), the market structure remains clearly bullish, supported by a consistent sequence of BOS and CHoCH patterns that confirm buyers have been in control since February.
Although the recent pullback was relatively deep, it remains well within the bounds of a healthy uptrend. Sellers tried to push price below the first FVG, but strong buying pressure quickly emerged near the EMA34 — a zone that the market clearly respects. The fact that price bounced before even touching the deeper FVG near $3,100 further reinforces the notion that the bullish trend remains intact.
On the macro side, U.S. economic data continues to deliver mixed signals — with PPI rising while consumer sentiment weakens. This uncertainty is starting to undermine expectations for the Fed to maintain high interest rates, and as a result, the USD is softening slightly. That, in turn, is lending short-term support to gold’s rebound.
Given both the technical signals and the macro backdrop, I believe this recent dip is just a correction within a broader bullish structure. If gold holds above the $3,200 zone and prints a confirmed bullish candle, the path toward the $3,300 resistance and possibly even $3,450 becomes more likely — aligning with the midline of the ascending channel.
🎯 Trading Strategy: Wait for price to revisit the $3,220–$3,200 area and look for a clear buy confirmation before entering. Set stop loss below the deeper FVG zone and aim for $3,300 as your short-term target, with an extended goal at $3,450. However, if price breaks decisively below $3,200, the scenario of retesting the $3,100 zone will come into play — so caution is key.
My bias remains bullish — but only with proper price action confirmation.
What about you? Share your thoughts in the comments below!
Currently, XAUUSD is showing signs of a mild recovery after rebounding from the Fair Value Gap (FVG) zone around $3,200, which aligns closely with the EMA34 support. On the daily timeframe (D1), the market structure remains clearly bullish, supported by a consistent sequence of BOS and CHoCH patterns that confirm buyers have been in control since February.
Although the recent pullback was relatively deep, it remains well within the bounds of a healthy uptrend. Sellers tried to push price below the first FVG, but strong buying pressure quickly emerged near the EMA34 — a zone that the market clearly respects. The fact that price bounced before even touching the deeper FVG near $3,100 further reinforces the notion that the bullish trend remains intact.
On the macro side, U.S. economic data continues to deliver mixed signals — with PPI rising while consumer sentiment weakens. This uncertainty is starting to undermine expectations for the Fed to maintain high interest rates, and as a result, the USD is softening slightly. That, in turn, is lending short-term support to gold’s rebound.
Given both the technical signals and the macro backdrop, I believe this recent dip is just a correction within a broader bullish structure. If gold holds above the $3,200 zone and prints a confirmed bullish candle, the path toward the $3,300 resistance and possibly even $3,450 becomes more likely — aligning with the midline of the ascending channel.
🎯 Trading Strategy: Wait for price to revisit the $3,220–$3,200 area and look for a clear buy confirmation before entering. Set stop loss below the deeper FVG zone and aim for $3,300 as your short-term target, with an extended goal at $3,450. However, if price breaks decisively below $3,200, the scenario of retesting the $3,100 zone will come into play — so caution is key.
My bias remains bullish — but only with proper price action confirmation.
What about you? Share your thoughts in the comments below!
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✅You can get 7-10 Forex, XAUUSD, Bitcoin...signal every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+O3-l2fUUSpU1NGRl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+O3-l2fUUSpU1NGRl
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.