XAU/USD | Gold Stuck Between War Headlines & Key Levels!

May 8

By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, price followed the bearish scenario first and dropped exactly toward the $4680 demand zone we discussed earlier. As expected, strong buying pressure stepped in from this area and Gold managed to recover once again, rallying back toward the $4749 region today.

Currently, Gold remains extremely volatile and market conditions are becoming very risky for trading. In my view, the best approach right now is to wait for confirmation through a breakout of either the $4765 resistance or the $4680 support before looking for cleaner setups.

From a structural perspective, the nearest supply zones are now forming around $4750 – $4765, followed by the stronger resistance cluster between $4790 – $4825. On the downside, the closest demand zones are located around $4680 – $4700, with deeper support sitting between $4620 – $4650.

Keep in mind that geopolitical risk remains extremely high because the outcome of the Iran-US conflict is still unclear. If tensions ease and the war moves toward a resolution, we could eventually see Gold pushing back toward levels above $5000 again. However, if the conflict escalates into a broader full-scale war, the probability of a heavy sell-off below $4500 increases significantly.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

May 8

Trade active

Quick Update :

Right now I’m watching a very interesting potential SELL scenario on #Gold around the $4790 – $4805 zone. This area is shaping up to be a very important reaction zone if price pushes higher again.

I highly recommend keeping this zone under close observation because if sellers step in there, we may see another strong rejection from Gold! I’ll also explain the technical reasons behind why this zone is so important on Monday, so stay tuned 😉