Gold (XAUUSD) continues to respect our previous bullish projection from last week, showing strong recovery momentum after the impulsive move from the lows around 4,250 – 4,300.
Price has now transitioned from a bearish structure into a short-term bullish phase, forming higher lows and gradually pushing into a key resistance zone.
Current Market Structure Current Price: ~ 4,798
- Key Resistance Level: 4,800 – 4,820
- Immediate Support Zone: 4,600 – 4,650
- Major Demand Zone: 4,250 – 4,300
The market is currently testing a critical level around 4,800, which serves as the neckline of the recent structure shift.
Trading Idea – Break & Retest Setup
The primary focus this week is a confirmed breakout above 4,800, followed by a retest of the same level as support.
This aligns with a classic continuation model:
Break → Retest → Expansion
Entry Plan
- Entry Type: Buy Limit / Confirmation Entry
- Entry Zone: 4,780 – 4,800 (after breakout & retest)
- Stop Loss: 4,450
- Risk Management: Maintain ≤ 0.5% risk per trade
Take Profit Targets
- TP1: 5,000 (psychological level)
- TP2: 5,238 (previous high liquidity zone)
- TP3: 5,425 (projected expansion target)
Projection & Outlook
As long as price holds above the 4,600 support zone, bullish continuation remains highly probable.
A successful break and retest of 4,800 will likely trigger strong momentum toward the upside, targeting liquidity resting above 5,200 and potentially extending into 5,400+.
However, failure to break this level convincingly may result in a short-term pullback into the support zone before any further bullish continuation.
Key Insight
This is not a chase setup — patience is key.
The high-probability entry lies in allowing the market to:
- Break structure
- Confirm strength
- Return to a value area
Conclusion
Gold remains bullish in the short term, and this week presents a high-quality continuation setup.
Traders should focus on discipline, confirmation, and proper risk management as price approaches this critical decision point.