FX.co ★ PipsHunter99 | XAU/USD, GOLD

Technical and Fundamental analysis of the Gold(XAU/USD) Gold prices regained strong bullish momentum after a volatile start to the week, with XAU/USD rebounding sharply above the 4,700 psychological level as buyers returned near key technical demand zones. The precious metal initially faced aggressive selling pressure following renewed geopolitical tensions in the Middle East, but market sentiment later stabilized, allowing gold to recover most of its early losses. Despite ongoing uncertainty surrounding the Strait of Hormuz situation, the broader technical structure continues to favor buyers as long as price action remains above critical support levels. On the H4 timeframe, gold continues to consolidate within a broader ascending structure after establishing a strong recovery base around the 4,680–4,700 region. This zone has become one of the most important technical demand clusters in the current market structure, as it combines psychological support, historical price reaction levels, recent swing lows, and the 200-period Simple Moving Average. Buyers repeatedly defended this region during recent declines, confirming strong institutional accumulation and preserving bullish market control. Short-term trend dynamics also continue to support the bullish outlook. The 20-period SMA on both the H1 and H4 timeframes remains positioned beneath current market prices, acting as dynamic support during intraday pullbacks. Meanwhile, the 50-period SMA is functioning as a key directional filter, with price action fluctuating around this moving average during periods of consolidation. Holding above both moving averages reinforces bullish continuation potential and signals that buyers remain active during dips. From an intraday perspective, the H1 timeframe reveals increasingly compressed price action within a bullish consolidation range. Immediate support is located between 4,690 and 4,710, where intraday buyers consistently entered the market during minor pullbacks. A stronger support shelf remains positioned around 4,665–4,680, creating a layered defensive structure beneath current prices. These zones continue to attract demand due to confluence with prior structure lows, moving average support, and liquidity concentration from previous sessions. If gold maintains stability above these levels, bullish momentum could strengthen rapidly once resistance barriers are cleared. However, a decisive break below 4,665 would weaken the short-term bullish structure and potentially expose the price toward deeper correction levels around 4,620 and 4,580. Such a move would likely trigger increased liquidation pressure from short-term traders and momentum-driven positions. On the upside, immediate resistance is positioned near the 4,730–4,750 region, where previous rallies encountered aggressive profit-taking activity and selling pressure. This zone continues to act as the first major barrier for buyers attempting to extend the recovery. Beyond this level, the next significant resistance area stands between 4,780 and 4,800, which represents a critical breakout threshold for the broader bullish structure. Several rejection wicks and failed breakout attempts previously emerged from this region, highlighting the presence of strong supply and institutional sell orders. If buyers successfully reclaim and sustain momentum above 4,800, gold could rapidly accelerate toward the higher resistance cluster near 4,850–4,891. A confirmed breakout above this broader supply region would significantly strengthen bullish sentiment and potentially trigger a continuation rally toward new historic highs. Until then, traders are likely to remain focused on short-term breakout and rejection signals within the current consolidation range. Momentum oscillators on lower timeframes are gradually recovering from oversold conditions, while higher timeframe structures continue to maintain bullish positioning. The repeated defense of support levels, combined with weakening bearish momentum during pullbacks, increases the probability of another upside expansion phase if macroeconomic conditions remain favorable for precious metals. Gold continues to react primarily to geopolitical tensions and US economic expectations. Concerns surrounding the Strait of Hormuz conflict initially pressured financial markets and increased volatility, although improving diplomatic signals later helped stabilize sentiment. At the same time, stronger-than-expected US employment data provided temporary support for the US dollar but failed to generate sustained bearish pressure on gold. Investors are now focusing heavily on upcoming US inflation figures, particularly Core CPI, as the data could significantly influence Federal Reserve interest rate expectations. Higher inflation could strengthen the dollar and trigger short-term downside pressure for gold, while softer inflation data may support another bullish extension.