Gold remains firmly supported above the 5,000 level, with price action continuing to respect the broader bullish structure on the M45 timeframe. Despite recent intraday volatility, the market shows clear signs of acceptance at higher prices rather than distribution.
From a fundamental perspective, holdings of the SPDR Gold Trust, the world’s largest gold-backed ETF, remained unchanged at 1,086.53 tonnes. While ETF flows are neutral for now, the lack of outflows suggests that institutional positioning remains stable even as gold trades at record levels — a constructive backdrop for the broader trend.
Market Structure & Technical Context (M45)
On the M45 chart, XAUUSD continues to trade above its ascending trendline, maintaining a sequence of higher highs and higher lows. The recent pullback appears corrective in nature rather than impulsive, fitting well within a continuation framework.
Key technical elements highlighted on the chart:
Price holding above the value area, indicating ongoing buyer participation.
A buy-on-dip zone around 5,040, aligned with trendline support and prior structure.
Sell-side liquidity resting below recent lows, suggesting downside moves may be driven by liquidity sweeps rather than genuine weakness.
A push through recent highs opens the path toward ATH continuation.
Key Levels & Liquidity Zones
Primary support: 5,040 (value + trendline confluence)
Intermediate resistance: 5,150 (short-term reaction / scalping zone)
Major resistance: 5,209 (strong resistance and potential reaction area)
As long as price remains above the rising trendline, pullbacks should be viewed as part of trend development rather than reversal signals.
Forward Expectations & Bias
The market continues to trade in a momentum-driven environment, where structure and liquidity play a larger role than traditional indicators. Acceptance above 5,000 keeps the upside scenario intact, while short-term consolidations are likely to serve as fuel for continuation.
Primary bias: Bullish continuation while structure holds
Focus: Patience on pullbacks, discipline near resistance zones
Preferred confirmation timeframe: M45–H1
Strong trends do not move in straight lines. Staying aligned with structure and liquidity remains key in this phase.
Refer to the accompanying chart for a detailed view of market structure, liquidity zones, and key technical levels.
Follow the TradingView channel to get early market structure updates and join the discussion.
From a fundamental perspective, holdings of the SPDR Gold Trust, the world’s largest gold-backed ETF, remained unchanged at 1,086.53 tonnes. While ETF flows are neutral for now, the lack of outflows suggests that institutional positioning remains stable even as gold trades at record levels — a constructive backdrop for the broader trend.
Market Structure & Technical Context (M45)
On the M45 chart, XAUUSD continues to trade above its ascending trendline, maintaining a sequence of higher highs and higher lows. The recent pullback appears corrective in nature rather than impulsive, fitting well within a continuation framework.
Key technical elements highlighted on the chart:
Price holding above the value area, indicating ongoing buyer participation.
A buy-on-dip zone around 5,040, aligned with trendline support and prior structure.
Sell-side liquidity resting below recent lows, suggesting downside moves may be driven by liquidity sweeps rather than genuine weakness.
A push through recent highs opens the path toward ATH continuation.
Key Levels & Liquidity Zones
Primary support: 5,040 (value + trendline confluence)
Intermediate resistance: 5,150 (short-term reaction / scalping zone)
Major resistance: 5,209 (strong resistance and potential reaction area)
As long as price remains above the rising trendline, pullbacks should be viewed as part of trend development rather than reversal signals.
Forward Expectations & Bias
The market continues to trade in a momentum-driven environment, where structure and liquidity play a larger role than traditional indicators. Acceptance above 5,000 keeps the upside scenario intact, while short-term consolidations are likely to serve as fuel for continuation.
Primary bias: Bullish continuation while structure holds
Focus: Patience on pullbacks, discipline near resistance zones
Preferred confirmation timeframe: M45–H1
Strong trends do not move in straight lines. Staying aligned with structure and liquidity remains key in this phase.
Refer to the accompanying chart for a detailed view of market structure, liquidity zones, and key technical levels.
Follow the TradingView channel to get early market structure updates and join the discussion.
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.
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.