Hello everyone, here is my view on the current XAUUSD setup.

Market Analysis

Gold is starting to show a stronger recovery tone after closing firmly above the rising D1 trendline, which is an important technical signal after the recent selloff. This reaction suggests that buyers are beginning to defend the higher-timeframe structure, and that the market may be preparing for a broader rebound rather than extending weakness immediately.

On the H2 chart, price is now trying to stabilize above the latest rebound base near the current zone around 4720–4730. This area becomes important because it sits just above the daily trendline reaction and may serve as the foundation for a medium-term recovery move.

From a broader technical perspective, the market is still trading under key overhead resistance, so the upside may not be completely smooth. However, as long as price continues to hold above the recent low and respects the higher-timeframe trendline support, the structure favors a recovery scenario with room to extend higher over time.

The first technical barrier comes in around 4736, followed by a stronger resistance zone near 4803. Above that, the next major level to watch is 4897, then the psychological area around 5000, while the longer-term upside objective remains near the 5260 region.

Key Price Areas to Watch

Current H2 buy zone: 4720–4730

Near-term resistance: 4736

Strong resistance: 4803

Next resistance: 4897

Major upside level: 5000

Long-term target: 5260s

My Scenario & Strategy

My preferred scenario is to continue looking for buy opportunities around the current price zone, as long as gold remains supported above the daily trendline reaction. If buyers maintain control, XAUUSD may continue recovering toward 4736 first, then 4803 and 4897. If bullish momentum becomes stronger on the higher timeframe, the market could eventually extend toward the 5260 area in the longer run.

At the same time, I would stay flexible for scalping opportunities around the marked resistance and support levels, especially as price approaches 4736, 4803, and 4897, where short-term reactions may appear before the larger move continues.

However, if price loses the recent rebound base and falls back below the daily trendline support, the recovery structure would weaken, and the bullish scenario would need to be reassessed.

That’s the setup I’m watching for now. Thank you for reading, and always manage your risk carefully.