FX.co ★ XAU/USD, GOLD

I greet the market with the awareness that gold recently touched the 4,480 and 4,520 zones and I consider those levels important because I saw resistance forming and I expected selling pressure to begin gradually, I remember how political noise suddenly intensified and I noticed that Donald Trump’s statements about Greenland added fuel to the fire and I realized that this chaos pushed traders back into gold aggressively, I observe that Russia and China benefited strongly from this rally and I connect that flow of capital with broader geopolitical anxiety, I analyze the four-hour chart since late December and I clearly see a stepped bullish structure with higher highs and higher lows, I acknowledge that even within this uptrend I constantly witness unloading phases where traders lock profits and bears exploit pullbacks, I note that the bounce from 4,560 created the impulse that accelerated price toward the 4,700–4,800 zone and I admit that holding above 4,900 looked impressive at first, I expect a corrective move because I believe a rise of several hundred dollars rarely continues without digestion, I project a retracement toward 4,670–4,700 and I consider that zone healthy for trend continuation, I imagine a scenario where price stalls near 4,700 and I then anticipate another push back to 4,900 and later to the psychological 5,000 handle, I track that nearly half of the weekly growth has already been corrected and I interpret that as sufficient relief under current volatility, I prepare myself for upcoming calendar news and I align my plans with likely volatility windows, I set initial fishing zones around 4,912–4,937 and I keep an alternative corridor between 4,850 and 4,700, I remind myself that many traders bought aggressively before speeches and I expect the market to shake them out, I suspect that the market may extend this cleansing process toward early February and I accept that patience is essential, I wonder why the Asian session did not deepen the correction and I remember that the gap near 4,640 still remains unfilled, I anticipate another downward wave as part of a broader correction before the next major rally, I examine M15 volumes and I conclude that the bears have not yet exhausted their pressure and I believe another selloff remains possible.

I focus on the Asian session behavior and I expect them to attempt closing the gap near the 4,640 support and I personally would welcome that decline as preparation for a stronger surge, I visualize a rebound from 4,640 or even 4,600 along the lower channel boundary and I see that as the foundation for a later run toward 5,000, I pay close attention to the emerging patterns and I admit that their symmetry looks technically elegant, I recognize that institutional behavior often drives Asian continuation moves and I believe they were instructed to maintain selling pressure, I do not exclude a test of 4,600 because I know deep liquidity hunts are common before major expansions, I caution myself against impulsive buying and I repeat that entries from the bottom offer the best risk-reward, I recall that the previous daily close was bearish and I connect that signal with an ongoing corrective phase, I reflect that broader market optimism already hints at stabilization and I take the sharp rise in gold as an early warning of an impending pullback, I confess that as a long-term investor I would only accumulate heavily after a 20 percent decline and I monitor the 4,802.84 support as a key battlefield, I remain skeptical of immediate longs and I insist that it is still too early to chase price, I remember expecting consolidation above 4,900 and I admit that the market surprised me by hesitating instead, I accept that large players likely control the roadmap and I understand that 5,000 may be delayed intentionally, I scan the H1 cycle and I acknowledge the clean retracement to the 50 percent Fibonacci at 4,772, I note that buyers defended that area and I admit I stayed flat despite my zigzag strategy, I declare that current long positions do not attract me and I prefer waiting for exhaustion above 4,900 or near 5,000 before shorting, I prepare for continued volatility and I stay disciplined while watching for a high-probability short-term trade, I conclude that the wild ride is far from over and I remain patient, cautious, and fully guided by the chart rather than by headlines.