After experiencing a strong early decline, gold maintained the demand area at the bottom of the channel and showed a clear bullish reaction. Currently, prices are in a technical recovery phase while retesting the overhead liquidity zone.

On the macro front, market sentiment is leaning towards expectations that the Federal Reserve will maintain a softer stance, providing support for the downward correction in gold prices.

Technical Structure (M30–H1)

Price is moving within a short-term ascending channel

The 4,278 – 4,280 area plays the role of important demand (bottom of the structure)

After forming higher lows, price rises and maintains bullish structure

The top area is liquidity + supply and price reaction should be monitored

Trading Plan – MMF Method

Main Scenario – Purchasing by Structure

Preferred buying areas: 4,300 – 4,304

Condition: The price rebounds to the demand zone and does not break through the previous low

Target:

TP1: 4,324

TP2: 4,353

TP3: 4,363 (liquidity at the top)

secondary scenes

If the price does not rebound deeply but breaks through and holds above 4324, wait for a retest and buy based on the trend.

Invalid area

If price breaks strongly below 4,278, the short-term bullish structure expires

Then: Stay outside and wait for the new structure to be confirmed

MMF’s perspective

When prices rebound into discount territory, the short-term trend supports buying.

Don’t chase orders in the top area – be patient and wait for price to return to your order, and trade based on structure rather than emotion.

Daily bias: Bullish above 4,278 – buy first on rebound.

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