Gold (XAU/USD) Daily: Fresh ATH on Monday Hello Fellow Traders,
It's Tuesday, and we're diving into Gold (XAU/USD) during the London session.
Monday delivered a fresh All-Time High (ATH) for Gold, pushing into uncharted territory amid strong safe-haven flows. Today, price is pulling back to retrace into yesterday's discounted area — a healthy and expected move after such an explosive upside.
Key technical highlights:
We're keeping a close watch on the previous ATH zone around 3550 (as marked on the chart) — this level acted as major resistance before the breakout and could now provide support or trigger reactions.
Near that previous ATH, there's a clear 4-hour Fair Value Gap (FVG) from Monday that remains unfilled. This imbalance is a high-probability area for price to seek liquidity before resuming the trend.
Overall technical picture remains strongly bullish on Gold. With today's major catalyst — the US CPI release (December data, out at 8:30 AM ET) — we could see this dip used as an opportunity to reload buyers. A softer-than-expected CPI print would likely fuel further USD weakness and boost Gold higher, while hotter data might extend the retracement temporarily.
Plan:
Monitor reactions at the previous ATH (~3550) and the 4HR FVG for clues.
Look for bullish confirmation (e.g., rejection wick, strong volume, or engulfing candle) to signal continuation.
Post-CPI, we favor an upward breakout if the data aligns with dovish expectations — trade the momentum accordingly with tight risk management.
Gold's structural uptrend is intact, and this pullback feels like fuel for the next leg higher. What's your bias heading into CPI? Expecting a dip-buy opportunity or more consolidation? Share your setups below!
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