Gold price analysis today

XAUUSD Update — Hold the structure, wait for a quality BUY setup

Currently, the gold chart has no major structural changes — the market is in a correction phase at an important resistance zone. This is a “consolidation” phase before the next trend becomes more obvious, so the priority is to be patient and wait for a high probability setup.

If you are holding a SELL position from the resistance zone, the current strategy is to hold the order and manage profits — wait for a reaction at the support zones to decide to close/open more. For those looking for BUY opportunities, wait for signs of price rejection (rejection / wick / bullish price action) at the indicated support zone before entering the order.

Important zone: 4075 — 4031 (support zone to find BUY signal)
Strategy: Enter BUY when there is a clear price rejection signal + volume/price action reaction.
Target: 4300
Risk management: stoploss placed below support zone if price action breaks and closes deep below.