Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Market background
Gold remains in a bullish environment, trading within a bullish structure. The recent pullback appears to be a technical correction following an impulsive move rather than a trend reversal.
From a fundamental point of view, the Federal Reserve’s expected looser monetary policy continues to suppress the US dollar and support the decline in gold prices. This backdrop favors trend-following buying strategies over aggressive selling strategies.
Technical Analysis Structure (H1)
The overall structure remains high-high-low
Price remains above the uptrend line
No downward breakout confirming structure
Current phase = rebalancing/retracement in uptrend
Key areas on the chart
OBS buying area: 4,483 – 4,475
Deeper support: 4,457
Nearby Resistance: 4,515
Upper Resistance/Target: 4,534
Primary supply: 4,566
Trading Plan – MMF Style
Base Scenario – Continuation of Trend Buying
Wait for price to return to the OBS buy zone (4,483 – 4,475)
Look for upward reaction/sustaining structures on lower time frames
This area is in line with demand + trend support
Target
TP1: 4,515
TP2: 4,534
TP3: 4,566 (anticipated reaction/take profit)
alternative
If price breaks 4,534 and accept
→ Expect to spend around $4,566, but avoid chasing high prices
Neutralize
A first half close below 4,457 would weaken the bullish structure and shift the bias towards neutral.
generalize
As long as structural support persists, gold remains bullish. The first order of business is to buy on pullbacks in key demand areas, manage risk near resistance, and avoid emotional entries at tops.
