Forex Gold Trading by Shenron

GOLD, H1 – Great opportunity to go short at the moment.

"Volatility remains low after NFP, the target has been reduced to DTP 100%"

XAUUSD 2H Market Structure Update

In my previous analysis I highlighted the 5080–5100 support zone as a key demand level.

Price recently returned to this zone and reacted strongly, confirming that buyers are defending the area.

From a structural perspective the market still looks bullish after the earlier break of structure, with price continuing to form higher highs and higher lows.

If momentum continues, the next major level to watch is the 5400 resistance area, where previous highs and liquidity are located.

However, a break below 5080 would weaken the current bullish outlook and could lead to a deeper correction.

Curious to hear other traders’ views on Gold this week.