Gold staged a strong rebound following the latest FOMC-driven volatility, but the recovery has yet to confirm a complete trend reversal. Price is now approaching the descending trendline and a key resistance zone, making this area critical for determining the next short-term direction.
🟢 Primary Scenario – Buy the Pullback
As long as gold holds above the 4030 support area, the preferred strategy is to wait for a retracement before looking for long opportunities. A successful defense of support could open the door for another push toward higher resistance.
Buy Zone: 4030 – 4035
Target 1: 4088
Target 2: 4112
🔴 Alternative Scenario – Bearish Rejection
If price fails to hold above 4030 and breaks below support, the current bullish recovery will lose momentum. Sellers could regain control and drive gold back toward the previous demand zone.
📌 Key Levels
🔹 4030 – 4035 → Key intraday support and preferred buying zone.
🔹 4088 → First resistance and descending trendline test.
🔹 4112 → Major upside target if buyers confirm a breakout.
📊 Session Bias
Neutral to Bullish
Momentum has improved after the sharp rebound, but buyers still need to overcome the descending trendline before confirming a stronger recovery. Until then, focus on buying controlled pullbacks rather than chasing bullish candles at resistance.
Respect the trendline, wait for confirmation, and let price come to your entry.
🟢 Primary Scenario – Buy the Pullback
As long as gold holds above the 4030 support area, the preferred strategy is to wait for a retracement before looking for long opportunities. A successful defense of support could open the door for another push toward higher resistance.
Buy Zone: 4030 – 4035
Target 1: 4088
Target 2: 4112
🔴 Alternative Scenario – Bearish Rejection
If price fails to hold above 4030 and breaks below support, the current bullish recovery will lose momentum. Sellers could regain control and drive gold back toward the previous demand zone.
📌 Key Levels
🔹 4030 – 4035 → Key intraday support and preferred buying zone.
🔹 4088 → First resistance and descending trendline test.
🔹 4112 → Major upside target if buyers confirm a breakout.
📊 Session Bias
Neutral to Bullish
Momentum has improved after the sharp rebound, but buyers still need to overcome the descending trendline before confirming a stronger recovery. Until then, focus on buying controlled pullbacks rather than chasing bullish candles at resistance.
Respect the trendline, wait for confirmation, and let price come to your entry.
Trade active
Active plan scalping 
Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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.
Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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.