FX.co ★ XAU/USD, GOLD

I see the current GOLD structure as a highly dynamic environment where I continue to observe how the price respects the broader bullish trend despite frequent intraday whipsaws and false moves. I recognize that the resistance area around 4257.81—the top of the 5/8 channel on the H1 timeframe—played out exactly as anticipated with a clean touch, but I also admit I expected stronger bullish pressure and a full breakout toward the rotation reversal level of 4296.88. I notice how instead the market decided to roll back south, blurring the picture but not invalidating the overall upward trajectory that I continue to work with. I acknowledge that I saw gold reach as high as 4255 earlier today, and I genuinely thought we would see continuation, but the sharp sell-off reminded me once again why December and January require extra patience. I see the plateau forming near 4264, and I interpret it as an area where market participants are accumulating energy, although I still feel the need for a deeper pullback so I can attempt to buy with better precision. I admit I reacted emotionally when my stop-loss at 4248 was first triggered and then price returned, but I quickly adjusted by moving it to breakeven to protect my position. I also observe the impulse down to 4198, where sellers briefly took control, only for buyers to step in and push the metal back up, confirming that I continue to trade within a wide sideways range where neither side is ready to give up dominance. I am closely watching the key supports at 4179.69 and 4160.62, because I know losing these would trigger a larger correction.

I believe the long-term gold trend remains strongly upward, and I see no reason to shift into a selling mindset until the market structure itself flips into a confirmed bearish sequence. I remind myself that I trade both long and short depending on my strategy signals, and I recognize that my own strategies have performed well overall, even though I still need to trust them more. I think about the idea of gold returning to the 3700 region, which aligns with roughly a 50% retracement from the wave that began near 3130, but I remain uncertain whether the market will allow such a deep pullback this time. I remember how last time, many expected a drop below 3000—even talk of 2500—yet gold never came close, proving how resilient the metal becomes when real institutional demand is driving the underlying movement. I note the sharp end-of-week pullback toward 4200, and I consider it a potentially constructive signal for next week’s bullish opportunities. I also understand that the ascending channel could still break, and I acknowledge that even a deeper slide toward 4000 would offer me decent trading opportunities with a $200 range available. I remain aware that Bitcoin drifting quietly under 90,000 and even the possibility of crypto enthusiasts waiting for 20,000 only emphasize why gold behaves differently—because I know the gold market is governed by far more serious players. I continue to monitor price behavior closely, and I maintain my focus on disciplined execution as I navigate the coming sessions.