Gold reversal into bullish impulse!

Jun 12

The Gold market (XAUUSD) stabilizes in Friday's session, displaying a significant structural shift as buyers firmly grasp the near-term momentum. Following a highly volatile week driven by CPI and PPI releases, market participants are now shifting their focus toward the upcoming Michigan Consumer Sentiment Index. This late-week data catalyst will provide critical insights into consumer inflation expectations and overall economic health, directly influencing how institutional desks position their capital ahead of the weekly close.

Currently, a prominent tug-of-war is unfolding between short-term profit-taking and fresh structural accumulation. While long-term macroeconomic headwinds still linger, the immediate market order flow has turned strictly bullish, transitioning into an impulse structure as smart money targets higher liquidity pools.

Based on the newly established Bullish Impulse Wave structure on the M30 timeframe, the core technical levels to monitor include:

Major Upside Target (Potential Wave 5 Destination): 4,354.529 – The ultimate expansion target for the final leg of the impulse cycle, perfectly aligned with the Fibonacci Extension 1.618 level.

Immediate Resistance (Wave 3 Peak): 4,246.948 – The horizontal structural high where initial supply capped the recent rally, now serving as a breakout threshold.

Key Demand Layers (Potential Wave 4 Bottom): 4,160.882 (Fibonacci Retracement 0.5) and 4,126.709 (Fibonacci Retracement 0.382) – Vital Confluence Zones where institutional buyers are heavily expected to step in and defend the structure.

What's your assessment of this newly formed M30 impulse structure? Will Gold respect the internal Fibonacci demand layers to launch Wave (5), or will the sellers break the cycle before the weekly close? Drop your technical perspectives and charts in the comments section below!

Jun 12

Trade active

+564pip

WTI crude oil futures fell sharply by 5.00% in the day, currently trading at $83.32 per barrel.

This has supported gold's recovery. Watch the 4246 zone; if it breaks and closes above this zone, it's highly likely to reach the 4354 zone.

Jun 13

Note

Gold prices have formed a triangle on the M30 timeframe. Yesterday, the super-stock Space X went public, drawing the entire market's attention, causing gold prices to move sideways and consolidate. Perhaps major political news this weekend will determine the next direction for gold.

Jun 15

Note

+1573pips
The strong gap at the beginning of the week has broken through the 4246 zone, and the price has now reached 433x. The price will rise to the 6x-7x zone before correcting and retesting the support zones below, which will be updated in today's plan.

Jun 16

Trade closed: target reached

Warsh Has "Political Capital" from Trump, But the Market Is the Decisive One

The biggest challenge lies not with the White House or the Fed, but with the bond market – which will determine the level of confidence in any policy changes he makes. Let's wait for the FOMC news.