XAUUSD Multi-Timeframe Analysis (Monthly → Weekly → Daily)GoldOANDA:XAUUSDGT_AUTO_V4Hello Everyone, Gold remains in a broader bullish structure despite the ongoing correction from the 5600 peak. Using Fibonacci retracement measured from the structural monthly low (the origin of the impulsive bullish move) to the all-time high near 5600: * 61.8% Retracement: ~4165 * 78.6% Retracement: ~3776 The market has already traded below the 61.8% level, which increases the probability of a deeper correction toward the 78.6% retracement zone. However, the area between 3776 and 3830 is not just a Fibonacci level. It also aligns with: * A previous monthly swing low (~3828) * Historical demand * A major liquidity zone This creates a high-confluence support area. --- ### Weekly Timeframe The weekly structure remains corrective. As long as price remains below 4188, buyers have not fully regained control. The key question for the coming weeks is whether the current decline is: 1. A normal correction inside the long-term uptrend, or 2. The beginning of a deeper bearish phase. For now, the weekly chart favors continued caution until buyers reclaim higher levels. --- ### Daily Timeframe The daily chart provides the most important information. Several significant levels have emerged: #### Support Zone #1 3968 Price has already reacted positively from this level multiple times. This area previously acted as a consolidation base before continuation higher. --- #### Support Zone #2 3890–3887 This zone represents: * A previous accumulation base * The origin of a major bullish expansion * A historical launch point that eventually led to new highs This level has not yet been retested since the bullish expansion began. --- #### Support Zone #3 3822–3776 This is the deepest support cluster and includes: * Daily Order Block * Monthly support * 78.6% Fibonacci retracement * Potential liquidity sweep area This is currently the strongest support region on the chart. --- # Trading Scenarios ## Scenario A — Bullish Breakout Trade Condition: * 4H candle closes above 4058 Entry: * Wait for a retest of 4058 * Enter after bullish confirmation on the 1H chart Entry Zone: 4060–4070 Stop Loss: Below 3968 Targets: TP1: 4165 TP2: 4278 TP3: 4382 Invalidation: 4H close back below 4058 after breakout. --- ## Scenario B — Buy From Major Demand Zone Condition: Price reaches 3890–3822 Confirmation Required: * 4H bullish engulfing candle * Liquidity sweep below support followed by recovery * Break of short-term bearish structure Entry: After 4H confirmation Entry Zone: 3890–3822 Stop Loss: Below 3776 Targets: TP1: 3968 TP2: 4058 TP3: 4165 This setup currently offers the best risk-to-reward profile. --- ## Scenario C — Bearish Continuation Condition: 4H candle closes below 3968 Entry: Wait for a retest of 3968 from below Confirmation: Bearish rejection on the 1H timeframe Targets: 3890 3822 3776 Invalidation: Recovery above 3968. --- # Trading Framework Trend Direction: Daily Chart Confirmation: 4-Hour Chart Execution: 1-Hour Chart The key focus remains on the reaction around 3968. If buyers maintain control above this level, a move toward 4058 and potentially 4188 becomes increasingly likely. If 3968 fails, the market will likely seek liquidity inside the 3890–3776 demand zone, which remains the most important support cluster on the chart.