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2 024
#XAUUSD 5M Outlook!
Gold is holding a bullish structure after BOS, with price respecting the intraday demand and pushing higher toward liquidity above highs.
A brief pullback into demand is possible before continuation.
Best Buy Zone: 4,660–4,665
Target: 4,690 → 4,700 (ATH & liquidity sweep)
SL: Below 4,650
Watch for bullish price action confirmation on the pullback or a clean break and hold above 4,670 for continuation.
2 024
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2 024
#XAUUSD #GOLD
We bought at 4655 and it's currently around 4665.
Now we need to watch 4680. If the price breaks through and holds above this level, it will continue to rise.
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2 024
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2 024
#XAUUSD
Currently, gold has rebounded again, reaching around 4590.
The bullish trend remains intact within the channel.
Continue to monitor the important level of 4575; a break below 4575 targets 4550.
If the closing price is above 4575, there is still momentum and room for a further rebound above 4600 next week.
2 024
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2 024
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2 024
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2 024
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2 024
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2 024
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GOLD UPDATE ---
Gold is currently trading in a consolidation-to-corrective phase after a sharp impulsive rally from the 4575 demand zone. The price action shows repeated rejection from the upper supply area, confirming that 4630 is acting as a strong resistance level, where price is failing to sustain or close above.
Despite bullish momentum earlier, the recent candles near 4630 indicate selling pressure, profit booking, and supply dominance, keeping the upside capped for now.
Market structure remains range-bound between 4575 and 4630.
Resistance Levels
4630 – Major Resistance (Supply Zone)
Strong selling pressure
4657 – Upper Resistance / Breakout Target
bullish close above 4630 occurs.
4680 – Extended Target.
Demand Zones -
4612 – Immediate Intraday Support
Trendline
4575 – Major Support (Demand Zone)
Strong base
4550 – Critical Breakdown Support.
Bullish only on a confirmed breakout and close above 4630.
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2 024
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