Recovery – holding gains above 4,300 following the FOMC meeting.
📊 1. Market Structure
Bias: Bullish Recovery
Gold is currently trading around 4,316.9 after a strong rebound from the 4,255–4,265 demand zone.
EMA 9: 4,307.7
EMA 89: 4,317.4
Price has recovered above EMA 9, showing improving short-term momentum.
EMA 9 is still slightly below EMA 89, so the broader H1 structure has not fully turned bullish yet.
The recent rebound has formed higher lows from the 4,255 area, indicating buyers are gradually regaining control.
🟢 2. Support Zones
4,300–4,305 → immediate support / EMA 9 zone
4,275–4,280 → secondary support
4,255–4,265 → major demand zone
As long as price holds above 4,300, the current recovery remains valid.
A deeper pullback toward 4,255–4,265 could provide another buying opportunity if buyers defend this zone.
🔴 3. Key Resistance
4,365–4,370 → short-term resistance
4,400–4,405 → major resistance / previous high
A confirmed breakout and H1 close above 4,370 could accelerate the recovery toward 4,400–4,405.
Failure to break 4,365–4,370 could result in another pullback toward 4,300.
📈 4. RSI & Momentum
RSI(14): ~53
RSI has recovered above the neutral 50 level, suggesting moderately bullish momentum. However, momentum is not yet strong enough to confirm a major trend reversal.
The technical indicator is also showing improving buying pressure.
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BUY GOLD : 4300 - 4297
SL : 4292
TP : 4320 - 4344 - 4370
TITradingView Ideas20h ago