XAUUSD Technology Outlook – Lana_M2’s OANDA:XAUUSD H2 — TradingView

XAUUSD – Second Half Technical Outlook: Liquidity Dips Amid Strong Bullish Structure | Lana ✨

Gold continues to trade within a clear bullish structure within the second half framework. The recent rally was impulsive, followed by a healthy pullback that appears to be a rebalancing of liquidity rather than a signal of a trend reversal.

As long as the market respects key structural levels and the uptrend line, price action remains constructive.

📈 Market structure and trend background

The overall trend remains bullish, with rising highs and falling highs still in place.

The price continues to follow the uptrend line, which has acted as reliable dynamic support throughout the uptrend.

The recent pullback occurred after an aggressive bullish expansion, consistent with the classic sequence:

Impulse→Retreat→Continue

There is no obvious distribution pattern at this stage. As long as structural support is in place, people will tend to buy on pullbacks rather than sell on strength.

🔍Main technical areas and value areas

Primary Purchasing Area (POC): 4764 – 4770
This area represents a high volume node (POC) and closely corresponds to the uptrend line.
This is a natural area where price may rebalance before resuming its uptrend.

Secondary value area (VAL–VAH): 4714 – 4718
If selling pressure temporarily increases, deeper areas of liquidity may act as support.

Near-term resistance: 4843
Acceptance above this level reinforces the persistence scenario.

Psychological reaction zone: 4900
There is likely to be short-term hesitation or profit taking.

Longer time horizon expansion goals:

5000 (psychic level)

Fibonacci extension line 2.618, main liquidity may be stagnant.

🎯 Trading plan – based on H2 structure
✅ Main scenario: Buy on pullback

Buying entry point:
👉 4766 – 4770

Lana prefers to enter only if price pulls back to the POC zone and shows bullish confirmation on H1-H2 (holding trendline, strong rejection of lower price, or subsequent rise).

Stop loss:
👉 4756 – 4758
(approximately 8-10 pips below entry point, POC area and uptrend line)

🎯 Take profit target (gradual exit)

TP1:4843
First resistance zone – partial profit taking is recommended.

TP2：4900
There may be short-term reactions on a psychological level.

TP3：5000
A great mental milestone and upward expansion goal.

TP4 (extension): 5050 – 5080
This area is compatible with the 2.618 Fibonacci extension and liquidity on higher time frames.

The preferred approach is to gradually exit and protect the position, adjusting risk as price confirms continuation.

🌍 Overall background (brief)

Goldman Sachs said emerging market central banks are expected to continue diversifying their reserves away from traditional assets and towards gold.
It is expected that by 2026, the central bank will purchase an average of about 60 tons of gold per year, thus boosting the structural demand for gold.

This continued accumulation supports the idea that the decline is more likely to be driven by positioning and earnings rather than changes in long-term fundamentals.

🧠Lana’s POV

This is still a pullback in an uptrend, not a bearish reversal.
The focus remains on buying value in key liquidity areas rather than chasing price increases.
Patience, structure, and strict execution are still strengths.

✨ Respect the trend, trade structure, and let the price come to your zone.