XAUUSD – As Buyers Enter OANDA:XAUUSD By Marcus_SMC — TradingView

XAUUSD – Selling pressure subsides as bargain hunters step in

Gold has faced strong selling pressure in the wake of global volatility, with funds from index funds and speculative markets accelerating the decline in gold prices. The sharp decline reflects the liquidation of positions rather than the continuation of a clean trend.

However, the reaction to the lows is just as important – buyers have begun to enter the market, helping to stabilize prices around key discount levels. This move signals that the market is moving from impulsive selling to a rebalancing phase.

Market background

The recent sell-off has been driven primarily by positioning rather than changes in long-term fundamentals.

Macroeconomic conditions remain supportive of gold:

Global debt levels are high
Keep an eye on inflation
Ongoing geopolitical uncertainty

While short-term volatility unnerves the weak, these factors continue to provide a structural basis for gold.

artistic appearance

In the 1-hour structure, gold has completed the seller’s liquidity retracement below 4350, and then made a clear response to the upward trend. This type of movement usually indicates that the downtrend has been exhausted.

Now, the price remains above the buy zone of 4,440 to 4,460, where demand has started to increase. The market is no longer making new lows and the short-term structure is beginning to stabilize.

Above current prices, several FVG areas between 4,550 – 4,800 remain unoccupied. As the market rebalances after the sell-off, these imbalances become natural bullish targets.

critical level
Seller Liquidity (Low): ~4,350
Support/Buy Zone: 4,440 – 4,460
First Resistance (FVG): 4,550
Upper imbalance: 4,600 – 4,800
Trendline Resistance: Bearish Structure Above
market scene

Scenario 1 – Continuous Recovery (Preferred)
Staying above 4,440 could keep the recovery structure intact. The price is likely to rise towards 4,550 first and then extend to 4,600-4,800 as the imbalance fills.

Scenario 2 – Correct before continuing
The price may move back into the buy zone again to build more liquidity before moving higher. As long as 4,350 points are not broken, this is still a healthy structure.

Scenario 3 – Weakness returns
A break below 4,350 would indicate that sellers are still in control, opening the door to further downside.

Comment

The main move today is in reaction to the sell-off.

Gold is no longer moving on a straight downward trajectory – it is stabilizing and starting to spin upward from a round of liquidity withdrawals. This is usually an early stage of corrective action rather than a continuation.

In the short term, gold prices appear to be supported and as long as the buy zone holds its position, a move higher to 4,550 and above is possible.