t>

XAUUSD – ATH Extension Confirmed, OANDA Buy Retracement Over 5,100+: XAUUSD by MMFlowTrading — TradingView


Gold is still in a strong expansion phase of ATH rather than an explosive move. The latest impulse push confirms that buyers remain in control, while pullbacks are absorbed quickly and efficiently.
At the macro level, the U.S. dollar continues to weaken, safe-haven capital flows remain active, and the market is still digesting the impact of the Federal Reserve’s moderately easing policies – the Federal Reserve is supporting gold prices at a high level.

At this point, ATH is no longer a resistance, but an area of ​​acceptance.

Structure and price action

The bullish structure remains intact with higher highs and higher lows.

Despite the rapid upward extension, no downward structural changes have occurred.

The current consolidation near the highs suggests continuation, not exhaustion.

The pullback is corrective and coincides with the uptrend line and the demand area.

Main vision:
ATH defended by structure → trend remains underlying bias.

Trading Plan – MMF Style

Main scenario – callback buying
Focus on being patient rather than chasing prices.

Buying Zone 1: 4,984 – 4,970
(Early resistance turns into demand + short-term rebalancing)

Buying Zone 2: 4,928 – 4,910
(Trendline alignment + deeper liquidity absorption)

➡️ Only execute purchases after a clear bullish reaction occurs and the structure is confirmed.
➡️ Avoid worrying about missing the chance to reach the summit.

Upstream target (ATH extension):

TP1: 5,085

TP2: 5,120+ (extended if momentum continues)

alternative
If price stabilizes above 5,085 without a sharp pullback, wait for the breakout to be confirmed and retested before looking to continue buying.

Neutralize
Confirmation of an hourly close below 4,910 would weaken the current bullish structure and require a re-evaluation.

generalize
Gold remains in a controlled ATH expansion, supported by structural and macro flows. The advantage is not to predict the top, but to buy on demand pullbacks if the trend holds. As long as the structure remains stable, higher prices will remain the path of least resistance.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *