Gold prices recover - rising again to 4735

Mar 25

🔺Related Information: (XAU/USD)

Gold (XAU/USD) regains some ground and trades near the $4,470 level during the early Asian session on Wednesday. The metal moves modestly higher after a phase of intense volatility, having previously dropped to a four-month low around $4,100—marking its weakest weekly performance since 1983.
According to Bloomberg, US President Donald Trump indicated on Tuesday that Iran had made a “gesture” of goodwill amid what he described as ongoing negotiations aimed at ending the 25-day conflict that has disrupted global markets, even as the US continues to deploy additional troops to the Middle East.

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📌 Chart analysis:

🔗 Short-term timeframes: M15, M45, H1
M15 breaks through 4490 resistance, recovers.
Strong buying pressure helped the recovery along the EMA lines.
H1 chart shows a nice bullish DOW pattern above 4490.

🔗 Medium-term timeframes: H2, H4
The H4 chart is gradually breaking the downtrend line, creating a breakout support level for a potential price increase: 4553.

Key zones:
🔗 Supply zone (resistance): 4735
🔗 Demand zone (support): 4510, 4426
🔗 Three EMA moving averages; technical indicators: stochastic, volume

Setup signal: 🔗 SELL XAU 4732 – 4737 stop loss: 4742

Take profit: 4700 – 4652– 4600

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✏️ Personal opinion:

Gold's recovery in the Asian session created a bullish BOS across all short-term timeframes: heading towards the key resistance level of 4735.

Mar 25

Trade active

Gold is consolidating above 4530, and prices are still maintaining a recovery.