XAUUSD – Gold Holds Bullish Structure, 4,356 Is The Next Test
Gold is still showing strong bullish momentum after a powerful recovery this week.
Price is currently trading around 4,296, holding near the bullish confirmation area after moving above the key psychological zone around 4,194. Buyers are still active, and the market structure remains positive as long as gold stays above the main support zones below.
However, after a strong weekly rally, the next move needs confirmation. Gold is close to resistance, so a clean pullback and continuation setup would be healthier than chasing price too high.
FUNDAMENTAL ANALYSIS
Gold is attracting buyers after the recent pullback, while the market continues to watch U.S.–Iran peace headlines and key U.S. employment data.
Gold is on track for a strong weekly performance, but upside momentum may slow if traders become cautious before the jobs report. Mixed geopolitical signals can also create short-term volatility.
For now, the fundamental background still supports careful optimism, but the chart needs to confirm whether buyers can continue pushing above the current resistance area.
TECHNICAL ANALYSIS – SMC + FIBONACCI
From an SMC perspective, gold has built a clean bullish structure from the lower base and continued forming higher highs and higher lows.
The key psychological zone around 4,194 has already acted as a strong support base. After breaking higher, price is now holding above the Buy Order area and showing bullish confirmation.
The Buy Order zone around 4,249 is the first important support. If price pulls back into this level and reacts well, buyers may continue toward the next upside target.
Below that, the strong support area around 4,228 is the deeper level that must hold to keep the bullish structure healthy.
The main target for today sits around 4,356, where Fibonacci 4.618 and the marked target zone align. If gold breaks above the current high and keeps momentum, this zone becomes the next major area to watch.
KEY PRICE ZONES
Current price: 4,296
Bullish confirmation area: 4,285 – 4,300
Buy Order zone: 4,249
Strong support: 4,228
Key psychological zone: 4,194
Target today: 4,356
Bullish structure valid: Above 4,228
Invalidation for short-term bullish view: Below 4,228
TRADING SCENARIOS
Buy Scenario – Priority View
Buy Zone: 4,249 – 4,285
Entry: Bullish retest, liquidity sweep, lower-timeframe CHoCH, or strong reaction from the Buy Order zone
SL: Below 4,228
TP1: 4,300
TP2: 4,356
Pullback Buy Scenario
Buy Zone: 4,228 – 4,249
Entry: Wait for clear bullish rejection from support
SL: Below 4,228
TP1: 4,285
TP2: 4,356
Sell Scenario – Only Short-Term Reaction
Sell is not the priority while gold remains above 4,228.
Sell Zone: Around 4,356
Entry: Bearish rejection, failed breakout, or lower-timeframe bearish CHoCH
TP1: 4,300
TP2: 4,249
Invalidation: If price breaks and holds above 4,356, the sell reaction idea becomes weaker.
MY VIEW
Gold is still in a strong bullish structure.
The weekly rally shows that buyers have regained control, but after a fast move higher, I prefer not to chase price directly into resistance. The cleaner plan is to wait for a pullback into 4,249 or 4,228 and watch whether buyers defend the structure.
If these zones hold, gold may continue toward 4,356.
If price loses 4,228, the bullish wave becomes weaker and the market may need more consolidation before the next move.
For now, buyers still have the advantage — but the next pullback will tell us how strong this rally really is.
Do you think gold will hold 4,249 and continue toward 4,356 today?
Gold is still showing strong bullish momentum after a powerful recovery this week.
Price is currently trading around 4,296, holding near the bullish confirmation area after moving above the key psychological zone around 4,194. Buyers are still active, and the market structure remains positive as long as gold stays above the main support zones below.
However, after a strong weekly rally, the next move needs confirmation. Gold is close to resistance, so a clean pullback and continuation setup would be healthier than chasing price too high.
FUNDAMENTAL ANALYSIS
Gold is attracting buyers after the recent pullback, while the market continues to watch U.S.–Iran peace headlines and key U.S. employment data.
Gold is on track for a strong weekly performance, but upside momentum may slow if traders become cautious before the jobs report. Mixed geopolitical signals can also create short-term volatility.
For now, the fundamental background still supports careful optimism, but the chart needs to confirm whether buyers can continue pushing above the current resistance area.
TECHNICAL ANALYSIS – SMC + FIBONACCI
From an SMC perspective, gold has built a clean bullish structure from the lower base and continued forming higher highs and higher lows.
The key psychological zone around 4,194 has already acted as a strong support base. After breaking higher, price is now holding above the Buy Order area and showing bullish confirmation.
The Buy Order zone around 4,249 is the first important support. If price pulls back into this level and reacts well, buyers may continue toward the next upside target.
Below that, the strong support area around 4,228 is the deeper level that must hold to keep the bullish structure healthy.
The main target for today sits around 4,356, where Fibonacci 4.618 and the marked target zone align. If gold breaks above the current high and keeps momentum, this zone becomes the next major area to watch.
KEY PRICE ZONES
Current price: 4,296
Bullish confirmation area: 4,285 – 4,300
Buy Order zone: 4,249
Strong support: 4,228
Key psychological zone: 4,194
Target today: 4,356
Bullish structure valid: Above 4,228
Invalidation for short-term bullish view: Below 4,228
TRADING SCENARIOS
Buy Scenario – Priority View
Buy Zone: 4,249 – 4,285
Entry: Bullish retest, liquidity sweep, lower-timeframe CHoCH, or strong reaction from the Buy Order zone
SL: Below 4,228
TP1: 4,300
TP2: 4,356
Pullback Buy Scenario
Buy Zone: 4,228 – 4,249
Entry: Wait for clear bullish rejection from support
SL: Below 4,228
TP1: 4,285
TP2: 4,356
Sell Scenario – Only Short-Term Reaction
Sell is not the priority while gold remains above 4,228.
Sell Zone: Around 4,356
Entry: Bearish rejection, failed breakout, or lower-timeframe bearish CHoCH
TP1: 4,300
TP2: 4,249
Invalidation: If price breaks and holds above 4,356, the sell reaction idea becomes weaker.
MY VIEW
Gold is still in a strong bullish structure.
The weekly rally shows that buyers have regained control, but after a fast move higher, I prefer not to chase price directly into resistance. The cleaner plan is to wait for a pullback into 4,249 or 4,228 and watch whether buyers defend the structure.
If these zones hold, gold may continue toward 4,356.
If price loses 4,228, the bullish wave becomes weaker and the market may need more consolidation before the next move.
For now, buyers still have the advantage — but the next pullback will tell us how strong this rally really is.
Do you think gold will hold 4,249 and continue toward 4,356 today?
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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.
Trading is a journey. The destination is mastering yourself
t.me/+qqEvv7Li9Tg2NTE1
t.me/+qqEvv7Li9Tg2NTE1
Related publications
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.