Gold H1: Can 3921 points form the next “higher low”?
📈 Gold technical analysis: Bullish market structure shift (MSS) confirmed, with a strong rally from the demand zone below.
Key test: Can buyers hold on to their gains during the pullback, and can 3920.917 form a higher low?
Macro: Falling oil prices are boosting risk assets, while the U.S. election is bringing high volatility. Technical signals take priority.
Key H1 levels
Support 3920.917｜Recent high 3965–3970
Resistance SSL 3990–4003｜Internal downside 3890–3900
Demand zone 3867–3882｜Overhead OB 4075.326
A short-term bullish structure is taking shape, but the broader downtrend has not yet reversed, and SSL remains strong resistance. The current pullback has yet to confirm a higher low at support.
$XAU
📈 Gold technical analysis: Bullish market structure shift (MSS) confirmed, with a strong rally from the demand zone below.
Key test: Can buyers hold on to their gains during the pullback, and can 3920.917 form a higher low?
Macro: Falling oil prices are boosting risk assets, while the U.S. election is bringing high volatility. Technical signals take priority.
Key H1 levels
Support 3920.917｜Recent high 3965–3970
Resistance SSL 3990–4003｜Internal downside 3890–3900
Demand zone 3867–3882｜Overhead OB 4075.326
A short-term bullish structure is taking shape, but the broader downtrend has not yet reversed, and SSL remains strong resistance. The current pullback has yet to confirm a higher low at support.
$XAU
