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—Buyers still control above 5,200
Gold prices continue to trade strongly above the 5,000 mark as price action confirms strong bullish acceptance at higher levels. On the M45 time frame, the market remains in an expansion phase, supported by aggressive buying volumes and well-defended value areas.
The current situation shows that buyers are still in control and they are absorbing the decline rather than selling. This behavior typically characterizes environments with strong trends rather than distribution phases.
Overall background (brief overview)
From a fundamental perspective, institutional positioning remains stable and although gold trades at record levels, defensive risks show no signs of abating. At the same time, markets remain sensitive to upcoming macro events that may bring short-term volatility but have not yet altered the broader upward trend.
As long as uncertainty persists and risk appetite changes, gold will continue to benefit from its strategic hedging role.
Market Structure and Capacity Background (M45)
The current architecture of the M45 is still constructive:
The price remains above the uptrend line.
Buying volumes remain high, indicating strong demand, while selling intentions are low.
The decline continues to develop into a corrective decline rather than an impulsive decline.
In a strong pattern, high volume and shallow corrections usually indicate trend continuation rather than exhaustion.
Key technology areas that require monitoring
Based on the chart structure and volume profile, several aspects stand out:
bullish reaction zone
5,385: Major resistance and extension area where price may pause, consolidate or react before deciding on its next direction.
Basic value support
POC + VAH: 5,243 – 5,347
This is the most important area to continue. Accepting and holding this range would be enough to reinforce the bullish structure.
Secondary support
Value: 5,163 – 5,168
As long as the price stabilizes and regains value, deeper losses within this area will still be considered a correction.
Deeper structural support
Concepts: 5,086 – 5,091
This level is representative of broader values and may only occur during periods of high volatility.
Future expectations and biases
Fundamental Bias: Bullishness will persist as long as price remains above value territory
The current decline is viewed as an opportunity for a reorganization rather than a chance to reverse the trend.
Expect short-term volatility, but the structure remains the primary reference point rather than individual candles.
Strong trends rarely develop in a straight line. Gold’s ability to hold value during the pause continues to support further gains.
See the accompanying chart for a detailed view of value areas, trend structure, and expected paths.
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