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Trader Journals:::2026-04-04T03:50:43

XAU/USD, GOLD

GOLD / Gold / XAUUSD (H1-M30)

XAU/USD, GOLD

Hello traders! The #Gold asset is currently experiencing turbulence due to recent geopolitical changes and is also serving as a safe haven for assets. What happened this week? I think even a blind person can see what happened with gold this week, as volatility has increased significantly, leading to the formation of an uptrend after a sharp decline since late February or mid-February. In this context, the price managed to form new local weekly lows (4140-4250), which can be seen on the hourly chart. After the market cooled down, positions were accumulated and buyers entered, essentially testing the local highs (4750-4780). Surprisingly, the price managed to push slightly higher into the supply zone, halting the current market movement. Currently, the price has settled around 4676.32, right in the consolidation zone located between the local resistance level (4750) and the support (4600). We are still confidently consolidating, moving within a bearish market structure after finding an order block. What's the plan for the next trading session? The plan, in fact, is despite managing to form a liquidity pool (4785), this local resistance level plays a crucial role in the market's continuation. For example, if the price behaves as expected, we may see a rise to 4837, providing buying opportunities. The next move will be up to the market maker, as they will likely conduct another liquidity removal manipulation in the zone (4600-4620). What about the areas of interest? There are notable levels to highlight, such as 4550 and 4600, where bullish order blocks are located on the hourly chart, making it safe to look for bullish signals from these levels. Ahead, there is also an area of seller imbalance (4750). If this level is surpassed, it's better to stay out of the market as the reaction may not be favorable. What about next week?

XAU/USD, GOLD

It's a bit of a contentious situation here. If geopolitical data remains unchanged over the weekend, I expect to witness strong manipulations in the first couple of days of the following week, as they are inevitable. This is necessary for major players to trigger bull stop orders. In conclusion, I'd advise against rushing in; it's very risky right now. I would consider Long positions within the range of 4600, as that's where they will likely start removing all liquidity, or if they break the key high of 4785 and push the price further. Wishing everyone a profitable week!
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