On the XAUUSD (Gold) H1 timeframe, after previously experiencing a rapid bullish rally from 4338 to 4498, Gold has continued to extend its upside momentum and successfully printed a fresh new all-time high around 4551. Following this peak, price is now undergoing a healthy corrective phase and is currently trading around 4523. Despite the pullback, overall market structure remains constructive, with volatility staying elevated and bullish bias still present as buyers continue to defend higher price levels.
From a technical perspective, XAUUSD remains trading above its key moving averages, confirming that the broader bullish structure is still intact. Bollinger Bands remain wide, reflecting sustained volatility, while price action continues to respect the upper half of the channel, indicating strong underlying demand. Stochastic Oscillator (5,3,3) is hovering around the mid-range after retreating from overbought territory, suggesting a short-term cooling phase rather than a trend reversal. Bulls Power (13) remains positive, signaling that buyers still dominate market control, although momentum has slightly moderated during the ongoing correction. Overall, technical indicators support a consolidation-to-correction scenario within a prevailing bullish trend.
Fundamentally, XAUUSD continues to be strongly supported by global macroeconomic factors. Persistent USD weakness, rising geopolitical uncertainty, and the Federal Reserve’s unclear policy direction have encouraged investors to maintain exposure to safe-haven assets. The repeated formation of new all-time highs highlights sustained demand for Gold. However, with several key U.S. economic data releases scheduled, short-term volatility may increase, potentially driving further corrective moves before bullish momentum resumes.
Market Observation & Strategy Advice
1. Current Position: The XAUUSD is currently trading around 4523, undergoing a short-term correction after posting a new all-time high.
2. Resistance Zone: Immediate resistance is located at 4551, marking the latest all-time high and a critical supply zone.
3. Support Zone: Initial support stands near 4498, followed by stronger demand around 4430.
4. Indicators: Stochastic Oscillator is neutralizing from overbought levels, while Bulls Power remains positive, supporting a bullish continuation bias. The broader trend remains bullish, with the current pullback viewed as a corrective pause within an ongoing uptrend.
5. Trading Strategy Suggestions:
- Buy on pullback: Traders may look for bullish confirmation near the 4498–4430 support zone.
- Breakout continuation: A confirmed breakout and hold above 4551 could open further upside extension.
- Risk control: A sustained break below 4430 would weaken the bullish structure and require reassessment.
Market Performance:
Precious Metals Last Price % Change
XPTUSD 2,374.49 −4.53%
XAGUSD 76.9685 −2.95%
Today’s Key Economic Calendar:
JP: BoJ Summary of Opinions
US: Goods Trade Balance Adv
US: Retail Inventories Ex Autos MoM Adv
US: Wholesale Inventories MoM Adv
US: Pending Home Sales MoM & YoY
US: Dallas Fed Manufacturing Index
US: EIA Crude Oil & Gasoline Stocks Change
Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.
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