Gold is showing a short-term recovery, but the broader H2 structure still remains bearish.
After the FOMC, the market is stabilizing, but the macro backdrop hasn’t shifted enough to support a sustained bullish move. Price is still trading inside a descending channel, suggesting the current bounce may only be corrective.
Market Read
H2 trend remains down
Price is reacting upward but still below key structure resistance
Current move looks like a pullback within a downtrend, not a reversal
Key Zones
4,642 → main resistance (sell zone)
4,593 – 4,553 → intermediate reaction zone
4,451 → major liquidity / target zone
Trading Plan
If price rejects from 4,642 resistance
→ gold may continue lower toward 4,553 → 4,451
If price breaks and holds above 4,642
→ structure may shift, opening room for a deeper recovery
MMFLOW View
This is still a sell-the-rally market until proven otherwise.
The current bounce is likely liquidity-driven.
As long as price stays below 4,642, the downside remains the higher probability path.
Bias today: Bearish continuation within channel
After the FOMC, the market is stabilizing, but the macro backdrop hasn’t shifted enough to support a sustained bullish move. Price is still trading inside a descending channel, suggesting the current bounce may only be corrective.
Market Read
H2 trend remains down
Price is reacting upward but still below key structure resistance
Current move looks like a pullback within a downtrend, not a reversal
Key Zones
4,642 → main resistance (sell zone)
4,593 – 4,553 → intermediate reaction zone
4,451 → major liquidity / target zone
Trading Plan
If price rejects from 4,642 resistance
→ gold may continue lower toward 4,553 → 4,451
If price breaks and holds above 4,642
→ structure may shift, opening room for a deeper recovery
MMFLOW View
This is still a sell-the-rally market until proven otherwise.
The current bounce is likely liquidity-driven.
As long as price stays below 4,642, the downside remains the higher probability path.
Bias today: Bearish continuation within channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.