XAU/USD – Strong bullish expansion, watch for dips to buy

Market background

Gold has provided a strong bullish expansion after breaking out of its previous consolidation range. This impulsive move confirms the active participation of buyers and indicates that the market is currently in a trend continuation phase rather than a distribution phase.

From a macro perspective, the dovish outlook from the Federal Reserve and expectations of future interest rate cuts continue to weaken the dollar, providing a supportive environment for gold. This tilts overall sentiment to the upside, with pullbacks being an opportunity to reload long positions.

Technology Structure (H1 – Short Term)

Clearly bullish on BOS after range breakout confirmed

Price holds the previous resistance level → turns into support level

Rebalancing after current price momentum

No structural downward breakthrough has yet occurred

Main price area

Main purchasing areas:
4,420 – 4,410
(Past resistance + demand + infrastructure)

Intermediate support:
4,433 – 4,432

Bullish Liquidity/Resistance:
4,466
4,500
4,540 – 4,550 (seller response area)

Trading Plan – MMF Framework

Base case – buy the dip

Look for acceptance and bullish reaction if price pulls back to 4,420 – 4,410

This area is ideal for following trend buying setups

Liquidity levels are expected to continue to improve

Upside targets:

TP1: 4,466

TP2: 4,500

TP3: 4,540 – 4,550 (potential reaction zone/partial profit-taking zone)

alternative

If price does not pull back sharply and holds above 4,432, wait for a breakout and hold above 4,466, then look for continued buying on minor pullbacks

Avoid chasing prices directly to the 4540+ area

Neutralize

Confirmation of a first-half close below 4,405 would weaken the short-term bullish structure and signal a deeper correction phase.

generalize

Gold is in a strong uptrend after a clean breakout.

The current trend is a rebalancing, not a reversal.

The preference remains to buy on pullbacks, with the goal of improving liquidity while respecting the reaction zones noted above.