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Gold prices are now holding within short-term ranges after a strong decline. Price action indicates consolidation rather than a confirmed reversal.
Market background
This week, the Reserve Bank of Australia surprised markets with its hawkish stance, narrowly raising interest rates to 4.1% amid persistent inflation. The decision reflects growing concerns that inflation could remain elevated for longer, especially if oil prices rise due to geopolitical tensions.
This adds to a broader theme: some central banks are still tightening policy while others are pausing, giving gold mixed signals.
Current annotation
On the hourly chart, gold has managed to print a clear bearish structure and continues to follow it. The recent ChoCH indicates a short-term reaction, but the price remains below major resistance levels, indicating that this is a correction phase.
Trading areas you are interested in
🟥Liquidity selling area
Entries: 5109 – 5111
Cancellation: 5119
This area coincides with the sell order zone and is located near the upper border of the bearish structure – a logical area for supply to return.
🟩Liquidity buying area
Entries: 4973 – 4971
Cancellation: 4963
This is the discounted area where price found previous support, making it a potential reaction area if the downtrend continues.
future awareness
Traders are now watching how gold reacts to different central bank policies and the risk of inflation driven by energy markets. A weak reaction at resistance could confirm a continuation of the trend, while a stronger push could indicate a deeper rebalancing.
Conclusion
Gold remains in a correction phase within a broader bearish structure, with overall uncertainty continuing to weigh on the trend.
