• Weak U.S. data is boosting hopes for rate cuts, which pushes real yields down and makes gold more attractive.
• Ongoing U.S.–China tensions + Middle East issues are keeping demand for safe-haven gold strong.
• U.S. political uncertainty is weighing on the dollar, making gold cheaper for global buyers.
• April saw the biggest gold ETF buying spree in 3 years,...
XAUUSD – Confirming the rally was unsustainable.
No more strength to break the ATH, exactly as the price action hinted earlier.
The ideal BUY zones now are the strong D1 demand areas from before.
H4 is showing a reversal signal, but it looks more like a retest of the broken resistance zone.
By the book + looking at the D1 chart, there’s a high chance gold pushes higher after this retest.
To me, this current rally feels a bit shaky.
My view: gold might retest or break the previous high, but I don’t see it running too far before pulling back...
XAUUSD: Bullish momentum confirmed
Gold just printed a strong bullish D candle after days of retracement.
Price has broken H4 resistance zone — potential retest of previous ATH ahead.
✅ Still watching for new buy opportunities.
