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!
Trade active
✅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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.