1. Market Overview
Gold continues trading near the 4400 region — its lowest level in nearly two months — as geopolitical uncertainty keeps pressuring the market, with prices posting a third consecutive daily decline on Thursday.
Renewed US military strikes targeting an Iranian facility have weakened expectations for a potential peace agreement, while boosting demand for the US Dollar as investors continue moving toward traditional safe-haven assets.
At the same time, the mild recovery in crude oil prices has revived inflation concerns and strengthened expectations that the Federal Reserve may keep interest rates elevated for longer. This scenario continues to favor the US Dollar and limits upside momentum for non-yielding assets such as gold.
2. Technical Analysis
📉 Trend Structure
The bearish market structure remains firmly intact, with no meaningful signs of a reversal emerging at this stage.
On the H4 timeframe, gold continues forming lower consolidation ranges before extending lower again, highlighting that sellers still maintain strong control over overall market momentum.
Meanwhile, the EMA 34 / 89 / 200 alignment remains positioned to the downside, further supporting continuation of the broader bearish trend.
🔑 Key Levels
Resistance Zones
* 4460 – 4465
* 4570 – 4575
Support Zones
* 4375 – 4370
* 4335 – 4332
⚡️ Price Action
Gold recently confirmed a strong breakdown below the 4560 area, followed by a retest before continuing its decline.
This price behavior reinforces the current bearish structure and confirms that sellers remain dominant in the short-term market environment.
If downside pressure continues to build, gold could extend losses toward the next major support zones. Traders may monitor the key levels above for potential short-term scalping opportunities based on market reactions.
3. Outlook
Geopolitical tensions between the United States and Iran remain the central focus for financial markets, while fading hopes for a peace agreement continue to pressure gold prices.
Traders should stay updated on the latest developments, as headline-driven volatility could remain elevated during upcoming US sessions.
As long as gold continues trading below the current resistance structure, the broader bearish outlook is likely to remain dominant. However, reactions from key support zones could still trigger temporary recovery moves before the primary downtrend resumes.
Wish you a successful trading day 💰
Gold continues trading near the 4400 region — its lowest level in nearly two months — as geopolitical uncertainty keeps pressuring the market, with prices posting a third consecutive daily decline on Thursday.
Renewed US military strikes targeting an Iranian facility have weakened expectations for a potential peace agreement, while boosting demand for the US Dollar as investors continue moving toward traditional safe-haven assets.
At the same time, the mild recovery in crude oil prices has revived inflation concerns and strengthened expectations that the Federal Reserve may keep interest rates elevated for longer. This scenario continues to favor the US Dollar and limits upside momentum for non-yielding assets such as gold.
2. Technical Analysis
📉 Trend Structure
The bearish market structure remains firmly intact, with no meaningful signs of a reversal emerging at this stage.
On the H4 timeframe, gold continues forming lower consolidation ranges before extending lower again, highlighting that sellers still maintain strong control over overall market momentum.
Meanwhile, the EMA 34 / 89 / 200 alignment remains positioned to the downside, further supporting continuation of the broader bearish trend.
🔑 Key Levels
Resistance Zones
* 4460 – 4465
* 4570 – 4575
Support Zones
* 4375 – 4370
* 4335 – 4332
⚡️ Price Action
Gold recently confirmed a strong breakdown below the 4560 area, followed by a retest before continuing its decline.
This price behavior reinforces the current bearish structure and confirms that sellers remain dominant in the short-term market environment.
If downside pressure continues to build, gold could extend losses toward the next major support zones. Traders may monitor the key levels above for potential short-term scalping opportunities based on market reactions.
3. Outlook
Geopolitical tensions between the United States and Iran remain the central focus for financial markets, while fading hopes for a peace agreement continue to pressure gold prices.
Traders should stay updated on the latest developments, as headline-driven volatility could remain elevated during upcoming US sessions.
As long as gold continues trading below the current resistance structure, the broader bearish outlook is likely to remain dominant. However, reactions from key support zones could still trigger temporary recovery moves before the primary downtrend resumes.
Wish you a successful trading day 💰
Trade active
the plan is still on track Trade closed: target reached
XAUUSD Update:As mentioned in the previous analysis, the breakout above 4460 confirmed that buyers are returning strongly to the market, breaking the previous bearish structure.
However, the RSI is now signaling a short-term corrective pullback. Gold prices may experience a minor decline before continuing the broader bullish trend.
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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.
Related publications
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.