Gold is still in a strong upward trend, and the main strategy is to buy on callbacks

Priority Scenario – Main Scenario

Correcting Regional Trend Buying Strategy Based on Volume Profile Levels

Expected buying area: around VAH level 4253

Short-term observation range: 4263 – 4285

Price Forecast: A rebound from VAH towards the upper limit of the range before continuing the upward expansion

Transaction management:
If the price sustains above 4263 and a clear bullish signal emerges, the buying case will still be good.
If there is a strong rejection near 4285, it is recommended to reduce risks as this area is an important resistance in the short term.

alternatives – alternatives

Short-Term Trend Reversal Trading Opportunities Extending Resistance Areas

Another selling area: Fibonacci extension line around 4310

Consider this scenario only if there is a clear signal of price rejection

main reason

The bullish structure of the first half time frame remains in place

The volume curve shows that the VAH area near 4253 represents a high probability area of ​​price reaction

The 4310 level is an extended resistance level suitable for profit taking or short-term price corrections

overall background

The Federal Reserve continues to cut interest rates while maintaining a loose tone, putting pressure on the US dollar and supporting gold prices.
Geopolitical tensions and concerns about a U.S. economic slowdown also boosted demand for safe-haven assets.
The market is awaiting the release of non-agricultural data. Weak data may push gold prices higher, while strong data may lead to a short-term correction.

Risk management and follow-up

It is not recommended to chase the rise when the gold price is running in the 4263-4285 range.
If the price clearly breaks out of the support area below VAH, the bullish scenario is canceled.
We must be wary of high volatility during the release of important economic data and strictly manage risks.

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