GOLD: There is Still a Chance for a Second Rally

XAUUSD Gold Traders
15:08

Hello everyone! Today i want to share some macro analysis with you!

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H1: Gold is currently consolidating in a high-level flag pattern (a consolidation phase) following the establishment of a bullish trend. The short-term strategy remains focused on buying on dips, with light positions taken for short-term sell trades at high resistance levels. Rally met with resistance: $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$

After surging to around 4548, gold failed to break through in one go. The current hourly chart shows a slightly lower bearish doji or small bearish candle, indicating strong intraday selling pressure in the 4545–4550 zone.

Although there has been a short-term pullback, the price remains firmly above 4525 (MA10), which is a classic sign of bullish consolidation. As long as the 4522–25 range holds, there is still a chance for a second rally.

In terms of trading, continue to focus on buying!

Macro Trend
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