FX.co ★ Gold, XAUUSD

XAUUSD TECNICAL ANALYSIS the M15 timeframe, price has printed a clear ascending structure since the 20:30 session on 20 Aug. The initial move broke above prior swing highs with a series of higher lows, and the red trendline connecting those early peaks confirms momentum was absorbed rather than rejected. Candles remained predominantly green with shallow red corrections, which indicates buyers were stepping in on dips. Volume pressure isn’t visible here, but the spacing between wicks shows consolidation was brief and followed by fresh impulsive legs. The green shaded zone between approximately 4523.46 and 4536.81 is acting as the most relevant demand area. Price respected it during the 03:30–04:00 period, bounced, and has not retested it since. The arrow drawn from that zone toward the current level suggests it is being treated as a launch pad for continuation. On M15, holding above a previously marked support and then building structure above it typically validates the zone, and the absence of a deep wick into it on the rally to 4613.56 reinforces buyer control. At the top, price has reached the horizontal line at 4613.56 marked at 04:12. The most recent candle shows a long upper wick touching that level, which signals supply entering but not yet a full reversal. Until a 15-minute close prints firmly below the prior candle’s mid-point, the bias remains to the upside. A break and close above 4613.56 with the next candle holding above it would open room toward the next round-number extension, while a rejection would likely pull price back to test the ascending structure first. From a structure perspective, higher highs and higher lows remain intact. The shallow pullbacks between 09:30 and 11:30 did not violate the last significant swing low, so the micro trend is unbroken. Momentum has not shown divergence yet on this timeframe because each push has made a new high. The risk to bulls is a failed close above resistance followed by a break of the last minor swing low near 4590, which would indicate profit-taking rather than a trend changed. Hi Asim.Fx, how are you? I hope you're all well and your trading is going smoothly. With your permission, I'd like to share some insights on the XAUUSD analysis, which currently shows a fairly long rally. From my perspective, there's still room for upside, especially considering the market structure, which has begun to form a bullish trend recently.

On the daily timeframe, the price continued to rise until it reached the 4,642 area and is currently stuck around the resistance area. If it can break through this area with strong momentum, the next upside target could potentially be the 4,768 resistance area. Technically, the price is still holding above the middle Bollinger Band and the 50-day moving average (EMA50). This condition indicates that the bullish trend remains quite solid. Furthermore, the MACD histogram is also above the signal line, thus providing relatively synchronized confirmation of the bullish momentum. Therefore, the price has a high chance of continuing to rise as long as this structure remains intact. Moving to the H4 timeframe, the price is also seen gradually moving upward and is starting to approach the upper Bollinger Band. The increase is consistent, although not yet overly aggressive. This situation still requires vigilance because the closer the price approaches the upper Bollinger Band area, the greater the potential for a correction. If a bearish signal appears, reinforced by a MACD histogram breaking below the signal line, this could be an early indication of a correction. However, as long as the histogram remains above the signal line, the H4 bias remains bullish. However, I don't think this situation is necessarily a reason to immediately buy. To find more measured entry opportunities, I recommend paying attention to the structure on smaller time frames, particularly the H1. Currently, the price remains above the middle Bollinger Band, which is also moving upwards. This means that the bullish structure is still visible from the H1 to the Daily level. If a pullback occurs, the area around 4,600 could be an interesting level to watch, especially if the price retests the middle Bollinger Band. In this scenario, a buy entry could be considered with a stop-loss around 4,580 and an initial target towards 4,700, of course, still adjusted according to price action confirmation and risk management.