STRONG DOLLAR TRIGGERS SELLING PRESSURE IN THE GOLD MARKET

Wait 5 sec.

STRONG DOLLAR TRIGGERS SELLING PRESSURE IN THE GOLD MARKETGoldOANDA:XAUUSDProfessor-Gold-SignalsGold Market Outlook (XAUUSD) Gold is currently trading around the 4646 zone, and the short-term structure suggests a potential push higher before a deeper correction. šŸ” Market Structure Insight (1H Chart): Price action is forming a pattern of lower highs and lower lows, signaling sustained selling pressure despite temporary bullish moves. This indicates that any upside may be short-lived and driven by liquidity grabs rather than a true trend reversal. šŸ“ˆ Bullish Scenario (Short-Term): I’m expecting price to move toward the 4670 resistance level, where we could see a reaction. If momentum continues, the next key level to watch will be 4700. šŸ“‰ Bearish Scenario (Mid-Term): Due to: A strong USD environment due to liquidity crunch immediate central bank buying stopped selling Gold to cover up other assets loss Gold may face rejection from resistance and initiate a sell-off toward the 4544 order block zone, which aligns with a higher timeframe demand area. āš ļø Key Levels to Watch: Resistance: 4690- 4706 Support: 4616- 4600 target 4543 #Gold #XAUUSD #Forex #TradingView #PriceAction #SmartMoney #TechnicalAnalysis