🔥 GOLD + DXY UPDATE | LONDON OPEN
Monday open, and volatility is already picking up.
XAUUSD 4H: $4,161.57 | −0.79%
DXY 1D: 101.17 | +0.13%
Gold is under heavy pressure as the dollar keeps pushing higher.
On the 4H, the structure turned clearly bearish after the drop from around $4,280. We’ve seen three strong red candles in a row, with price now sitting near today’s low around $4,161.
Meanwhile, DXY has moved from roughly 98.8 → 101.17 and is now testing the July supply area.
For me, 101.00 on DXY is important. If the dollar continues to hold above that level, Gold could remain under pressure.
🎯 Gold levels I'm watching
Support:
$4,161–$4,150 → $4,110
Resistance:
$4,195–$4,200
$4,234–$4,240
$4,257–$4,266
🔻 Short setup
I’m not looking to chase the move down here.
Instead, I’d rather see a bounce into $4,195–$4,235 and then watch for rejection.
Another setup would be a confirmed 4H close below $4,160.
Targets: $4,110 → $4,040
🔺 Long setup
This would be a counter-trend trade for me.
I’d want to see a sweep below $4,160 followed by a strong reclaim of $4,200.
At the same time, DXY would need to stall or reject around 101.20.
First targets: $4,234 → $4,260
⚠️ The main thing: don't chase the dump at $4,161.
After a move this fast, I'd rather wait for either a clean pullback or a confirmed reversal.
Risk first. Keep the position size under control.
What are you watching here — bounce and rejection, or reversal? 👀
TRADE $XAU HERE👇
Monday open, and volatility is already picking up.
XAUUSD 4H: $4,161.57 | −0.79%
DXY 1D: 101.17 | +0.13%
Gold is under heavy pressure as the dollar keeps pushing higher.
On the 4H, the structure turned clearly bearish after the drop from around $4,280. We’ve seen three strong red candles in a row, with price now sitting near today’s low around $4,161.
Meanwhile, DXY has moved from roughly 98.8 → 101.17 and is now testing the July supply area.
For me, 101.00 on DXY is important. If the dollar continues to hold above that level, Gold could remain under pressure.
🎯 Gold levels I'm watching
Support:
$4,161–$4,150 → $4,110
Resistance:
$4,195–$4,200
$4,234–$4,240
$4,257–$4,266
🔻 Short setup
I’m not looking to chase the move down here.
Instead, I’d rather see a bounce into $4,195–$4,235 and then watch for rejection.
Another setup would be a confirmed 4H close below $4,160.
Targets: $4,110 → $4,040
🔺 Long setup
This would be a counter-trend trade for me.
I’d want to see a sweep below $4,160 followed by a strong reclaim of $4,200.
At the same time, DXY would need to stall or reject around 101.20.
First targets: $4,234 → $4,260
⚠️ The main thing: don't chase the dump at $4,161.
After a move this fast, I'd rather wait for either a clean pullback or a confirmed reversal.
Risk first. Keep the position size under control.
What are you watching here — bounce and rejection, or reversal? 👀
TRADE $XAU HERE👇
