XAUUSD - Brian | H2 Technical AnalysisGold remains constructive and continues to hold a bullish structure despite last night’s sharp cross-market volatility. The main driver behind the larger moves was heavy selling pressure in U.S. equities, which briefly accelerated safe-haven demand and helped support gold.
On the macro side, tensions linked to Greenland and renewed tariff rhetoric have increased uncertainty across markets. The USD weakened in the short term, while the EUR appears more exposed to medium-term geopolitical and policy risks. This backdrop generally remains supportive for gold, especially on pullbacks into key support.
Technical Structure & Key Zones (H2)
On the H2 timeframe, XAUUSD is still trading within a clear uptrend: price respects the rising trendline and continues to print higher highs and higher lows, confirming buyers remain in control of the primary structure.
The latest impulse leg has left several important technical areas:
A Fair Value Gap (FVG) below current price, which may be revisited if a technical retracement develops.
The 0.618 Fibonacci retracement zone at 4750–4755, aligned with the rising trendline — a strong confluence support for a deeper pullback scenario.
A higher, near-term demand area around 4812, suitable for shallow pullbacks during strong momentum conditions.
As long as price holds above these demand zones, the medium-term bullish structure remains intact.
Liquidity & Forward Expectations
To the upside, the market still has room to expand toward prior highs and the ATH liquidity area. Any short-term pullback, if it occurs, may simply act as a reset before continuation — especially while macro volatility remains elevated.
Reminder: strong trends rarely move in a straight line. Pauses and retracements are normal and often offer better participation than chasing price at the highs.
Trading Bias
Primary bias: Buy pullbacks in line with the trend; avoid FOMO entries near the top.
Key zones to watch:
4812: shallow pullback / momentum continuation zone
4750–4755: deeper pullback into 0.618 + trendline confluence
Preferred monitoring timeframe: H1–H4 to reduce noise
Risk management remains critical given the market’s sensitivity to news flow and cross-asset swings.
Refer to the accompanying chart for a detailed view of the structure, FVG, and key pullback zones.
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