Session Snapshot
- Open: 4545.00
- High: 4580.50
- Low: 4538.20
- Close: 4567.43
- MCM State: Markup (trending bullish)
- Volume Context: Moderate
- News Catalyst: USD weakness (DXY -0.35%) supporting gold rally; Indian CPI miss adding to risk-on sentiment
Fundamental Drivers
Gold rallying on persistent USD weakness (DXY down 9.81% YoY, continuing subdued 2026 start). US 10Y yields stable at 4.183% while real yields compress. No major events today, but traders positioning ahead of potential Fed commentary and upcoming US data releases. Risk-on flows supporting precious metals.
News Risk Assessment
- Event Risk: Low
- Impact: Japanese Bank Lending (23:50 UTC) unlikely to impact gold directly
- Action: Clear to trade during Asian session; monitor DXY for reversal signals
Supply/Demand Zones
Demand Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| D1 | 4520-4538 | Fresh | Strong |
| D2 | 4470-4490 | Tested | Strong |
| D3 | 4400-4420 | Fresh | Moderate |
Supply Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| S1 | 4580-4600 | Fresh | Strong |
| S2 | 4625-4650 | Fresh | Very Strong |
| S3 | 4700-4725 | Untested | Moderate |
Support/Resistance Matrix
| Level | Type | Price | Strength | Distance |
|---|---|---|---|---|
| R3 | Psychological | 4700.00 | Strong | +2.9% |
| R2 | Extension Target | 4630.00 | Strong | +1.4% |
| R1 | Immediate | 4580.50 | Moderate | +0.3% |
| Current | - | 4567.43 | - | - |
| S1 | Intraday Low | 4538.20 | Moderate | -0.6% |
| S2 | Major Support | 4470.00 | Strong | -2.1% |
| S3 | Demand Zone | 4400.00 | Very Strong | -3.7% |
Liquidity Hunt Map
- Buy-Stop Clusters: Above 4580 (session high), above 4600 (round number)
- Sell-Stop Clusters: Below 4538 (session low), below 4520 (psychological)
- Recent Sweeps: None in Asian session
- Next Target: Highly likely hunt to 4585-4600 range to sweep buy-stops before potential pullback to 4540 demand
Fear Factor Meter
FEAR [π΄π΄π π π‘π’π’π’βͺβͺ] GREED
β²
Score: 7/10 β Risk On
Inputs: DXY=98.89 (weak), Gold=+1.95% (strong), US10Y=4.18% (stable)
Directional Bias
- Bias: Long
- Confidence: High
- Rationale: Price in markup phase with higher highs/higher lows structure. Fresh demand at 4520-4538 holding strongly. USD weakness providing tailwind. Fresh supply at 4625-4650 represents next major target.
Action Zones
| Setup | Entry | Trigger | TP1 | TP2 | SL |
|-------|-------|---------|-----|-----|----||
| π’ Long | 4538-4548 | Bullish rejection candle | 4580 | 4625 | 4520 |
| π’ Long | 4520-4530 | Strong bounce from D1 zone | 4570 | 4600 | 4505 |
| π΄ Short | 4625-4640 | Bearish engulfing at S2 | 4590 | 4550 | 4655 |
Momentum View
"Markup phase with strong bullish structure favors longs from 4520-4538 demand zones, highly likely to test 4580-4600 supply before potential pullback. IF DXY reverses above 99.50 β possible short-term correction to 4520. Risk-reward favors buying dips over chasing current levels above 4565."