
On the M30 timeframe, XAUUSD (Gold) has entered a corrective and consolidation phase after printing a new All-Time High at 5111 during the previous session. Following this peak, price action shifted into a sideways structure and subsequently developed a bearish correction characterized by relatively high volatility and several long-bodied bearish candlesticks. At present, Gold is trading around 5051, attempting to stabilize and re-enter the prior sideways range, with the boundary of this range located near the 5062 area. This price behavior suggests that the market is transitioning from aggressive trend continuation into a short-term equilibrium phase.
From a technical standpoint, the bullish structure that dominated over the past week is showing early signs of exhaustion. Price has retreated from the upper Bollinger Band and is now moving closer to the mid-band area, indicating reduced upside momentum. The MACD (12,26,9) has crossed into negative territory, with the histogram expanding to the downside, signaling increasing bearish pressure in the short term. Meanwhile, Bulls Power (13) has declined sharply and is hovering around 3.54, confirming that buying strength has weakened significantly compared to previous sessions. Despite this correction, price remains above major medium-term demand zones, keeping the broader bullish bias technically intact for now.
Momentum conditions are currently mixed. While short-term indicators reflect bearish correction and loss of bullish strength, the broader structure still favors consolidation rather than a full trend reversal. The formation of a sideways range suggests that the market is digesting recent gains after an extended rally marked by consecutive All-Time Highs. Going forward, price behavior around the 5062 range boundary will be critical: acceptance above this level may revive bullish momentum, while continued rejection could extend the corrective move toward lower support zones. Fundamentally, Gold remains sensitive to ongoing geopolitical developments and today’s scheduled high-impact economic releases, both of which may act as catalysts for the next directional move.
Market Observation & Strategy Advice
1. Current Position: XAUUSD is trading around 5051, within a corrective phase after rejection from the ATH at 5111.
2. Resistance Zone: Immediate resistance is located around 5062, aligning with the lower boundary of the previous sideways structure.
3. Support Zone: Key intraday support is seen near 4966–4899, which previously acted as a strong demand base.
4. Indicator Observation: MACD (12,26,9) has turned bearish, while Bulls Power (13) at 3.54 reflects fading buying pressure. Elevated volatility suggests potential for sharp intraday moves, especially around key levels and news events.
5. Trading Strategy Suggestions:
- Range Strategy: Consider short-term range trading between 5062 resistance and 4966 support while consolidation persists.
- Breakout Confirmation: A sustained M30 close above 5062 may signal renewed bullish continuation toward the ATH zone.
- Risk Control: Avoid overexposure during high-impact news; prioritize tight risk management due to unstable momentum conditions.
Market Performance:
Precious Metals Last Price % Change
XPTUSD 2,582.72 +1.72%
XAGUSD 107.3285 +3.47%
Today’s Key Economic Calendar:
AU: NAB Business Confidence
EU: New Car Registrations YoY
US: ADP Employment Change Weekly
US: S&P/Case-Shiller Home Price YoY
US: CB Consumer Confidence
Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.
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