My current view is that gold prices may fall at the beginning of this week before rising again.
The strategy for Prime Gold is to wait for the price to fall back to the FVG buying zone around $4095 to $4101 to confirm an upward signal, and then follow the price towards a more liquid area.
XAUUSD GOLD BUY @ 4175
TP 1 - 4185
TP 2 - 4195
TP 3 - 4200
SL - 4165
XAU/USD (15M) Analysis 📊
Gold is pulling back toward a key support zone around 4148-4140 after failing to extend higher from the recent impulse move. As long as this support holds, buyers may step back in and drive price toward the 4210 resistance zone, with a potential extension to 4250 if bullish momentum strengthens.
A clean break below 4140 would invalidate the bullish outlook and could trigger a deeper correction before the next move higher.
Gold remains bullish after breaking out of its short term correction. Price is holding above key support and testing the $4080 breakout zone. A confirmed move above this level could open the path toward $4150. As long as $4035 holds, buyers remain in control. Watch for a breakout or a healthy pullback before considering long positions.
XAUUSD SELL @ 3980
TP 1 - 3970
TP 2 - 3860
SL - 3990
XAUUSD SELL @ 3970
TP 1 - 3960
TP 2 - 3950
SL - 3982
Gold (XAUUSD) is trading within a well-defined bearish channel on the 1-hour timeframe, continuing to print lower highs and lower lows, which reflects sustained downside momentum.
After another rejection from the upper boundary of the channel, price has moved lower and is currently trading below the 4,095 resistance zone. As long as price remains inside the channel and below this resistance, sellers may continue to have a short-term technical advantage.
The lower boundary of the channel aligns with the 3,847 support area, which may act as the next technical level to watch if bearish momentum continues. However, if buyers manage to push price above the channel resistance with a confirmed breakout, the current bearish structure could weaken and open the door for a broader recovery.
Key Technical Levels
Resistance: 4,095
Support Target Area: 3,847
Key levels to watch are 4050-4070. A stable hold above this level will likely test 4100-4120.
As long as it remains below 4100, the downtrend will continue.
