XAUUSD H2 Technical Analysis

Despite significant overnight market moves, gold remains positive and continues to maintain a bullish structure. The main driving force for this sharp rise was the heavy selling pressure on U.S. stocks, which temporarily accelerated the demand for safe havens and helped support gold prices.

On the macro front, Greenland-related tensions and new tariff rhetoric have added to uncertainty across markets. The U.S. dollar is weaker in the short term, while the euro appears more vulnerable to medium-term geopolitical and policy risks. This backdrop remains supportive for gold overall, especially if it pulls back to key support levels.

Technical structure and main areas (H2)

In the second half, XAUUSD remains in a clear uptrend: the price follows an uptrend line and continues to make higher highs and higher lows, confirming that buyers remain in control of the main structure.

The final driving phase leaves several important technical areas:

A fair value gap (FVG) below current prices that may be revisited if a technical pullback occurs.

The 0.618 Fibonacci retracement zone is located at 4750-4755, which is consistent with the ascending trend line – providing strong support in the event of further pullbacks.

The higher near-term demand area (near 4812) lends itself to a minor pullback amid strong momentum conditions.

As long as price remains above these demand areas, the medium-term bullish structure remains intact.

Liquidity and future expectations

On the bright side, the market still has room to expand towards previous highs and the ATH liquidity area. Any short-term pullback, if it occurs, may simply act as a reset before continuing – especially if overall volatility remains high.

Reminder: Strong trends rarely move in a straight line. Stops and pullbacks are normal and often provide better engagement than chasing prices higher.

trading trends

Basic trend: buy on the pullback; avoid entry due to fear of missing out.

Basic areas of monitoring:

4812: Shallow callback zone/continuation momentum zone

4750–4755: Deeper pullback to 0.618 + trend line overlap

Preferred observation time range: H1–H4 to reduce noise

Risk management remains critical given the market’s sensitivity to news flows and cross-asset volatility.

Please see attached images for detailed views of the structure, FVG and main retreat areas.

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