XAU/USD | Gold Delivers 2200+ Pips – What’s Next?

May 5

By analyzing the #Gold chart on the 4H timeframe, we can see that price respected the previous plan perfectly. Gold first pushed higher and hit all upside targets at $4600, $4620, and $4650, delivering over 600 pips, and then reacted sharply from the $4660 supply zone, dropping all the way to $4501, adding another 1600+ pips. In total, this move delivered more than 2200 pips, exactly in line with the expected scenario.

THE LAST ANALYSIS :

After tapping the $4500 demand zone, strong buying pressure stepped in again, and Gold is now trading around $4580, showing early signs of recovery. In my view, the most likely short-term scenario is a minor pullback toward $4560, followed by another bullish attempt if demand holds.

From a structural perspective, the nearest demand zones are $4500 – $4520, followed by $4440 – $4470 as deeper support. On the upside, the next supply zones are forming around $4600 – $4620, then $4640 – $4660 as a key resistance cluster.

If price completes this short-term correction and holds above demand, the next upside targets to watch are $4600, then $4620, and $4650 again. However, keep in mind this market is heavily headline-driven right now. Any sudden escalation in geopolitical tensions could invalidate the bullish continuation and shift momentum back to the downside quickly.

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Best Regards , Arman Shaban

May 6

Trade active

By analyzing the #Gold chart on the 4H timeframe, we can see price once again followed the plan perfectly. After a minor pullback from $4587 to $4545, Gold gained strong bullish momentum, supported by easing geopolitical tensions, and pushed higher to hit all targets at $4600, $4620, and $4650, even extending further to $4723, delivering over 1700 pips.

However, after entering the key $4714 – $4729 supply zone, strong selling pressure stepped in and price dropped toward $4665, showing a clear rejection from this resistance area.

At this stage, the $4690 level becomes the key pivot. If price stabilizes below this level, the probability of further downside increases, and we may see continuation toward lower liquidity zones.

From a structural perspective, the nearest supply zones are $4690 – $4725, followed by a stronger cluster around $4740 – $4780. On the downside, the closest demand zones sit at $4620 – $4640, with deeper support around $4550 – $4580.

In my view, as long as price remains below $4690, the short-term bias shifts bearish. However, this market is still heavily headline-driven, so any sudden shift in geopolitical sentiment could quickly flip the structure again.

May 7

Trade closed: target reached

By analyzing the #Gold chart on the 4H timeframe, we can see that after the correction toward the $4660 region, strong buying pressure stepped in once again and buyers managed to regain control of the market. Despite multiple reactions from the previously discussed supply zones, bulls continued to push price higher and Gold successfully reclaimed levels above $4750. Currently, Gold is trading around the $4734 region, showing continued bullish momentum after the recent recovery move.
At this stage, the $4690 – $4710 zone remains the key demand area for maintaining the bullish structure. As long as price manages to hold and stabilize above this region, the probability of further upside expansion remains high.
In that case, the next short-term upside targets to monitor are $4765, followed by $4790, then $4825, and potentially $4860 if bullish momentum continues to build.