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Gold continues to trade strongly within an ascending channel, maintaining upward momentum after recent impulsive moves. The market is currently in a technical retracement phase, which is considered healthy within an uptrend rather than a sign of a reversal.
In terms of fundamentals, the Federal Reserve’s dovish outlook and expectations of interest rate cuts continue to put pressure on the U.S. dollar, providing continued support for gold prices. As long as the macroeconomic environment does not change, the downward trend is expected to remain corrective.
Technical structure (H1)
Bull market structure still valid (higher highs, higher lows)
Price remains above the uptrend line
Bearish structure not yet confirmed breakout
The overall bias remains bullish.
Main price area
Basic buying zone: 4,480 – 4,470
(Trend line support + demand zone + structural support)
Deeper support: 4,444
Upside/Resistance Targets:
4,512 → 4,563
Trading Plan – MMF Method
Basic scenario – buy with the trend
If price drops to 4,480 – 4,470 and hold H1
→ Look for buy setups that are consistent with the main trend
This area represents an area where the likelihood of smart money re-entering is higher
Target
TP1: 4,512
TP2: 4,563
Exit near key resistance area
alternative
If the price does not fall deeply and remains above 4500
→ Wait for a breakout and retest before considering continuing to buy
Avoid chasing price near the overhead resistance area
Neutralize
A first-half close below 4,444 would weaken the short-term bullish structure and require reassessment.
