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Bullish Pullback Before New Highs
Fundamental Analysis Gold remains supported by a weaker U.S. dollar and strong demand for hard assets. However, high Treasury yields and upcoming Fed signals may keep volatility elevated. Technical Analysis On H4, Gold has confirmed a bullish BOS above 4,600 and reached the 4,631 weekly high. After this strong expansion, a pullback is possible before the next bullish wave. The 4,550–4,580 FVG is the first support, while the 4,465–4,505 Buy Order POC is the stronger demand area. Important Key Levels 4,631 — Weekly High 4,550–4,580 — FVG Support 4,465–4,505 — Buy Order POC 4,721 — Buy-Side Liquidity 4,834 — Higher Liquidity Target Trading Scenario Buy priority remains on a pullback, ideally into the Buy Order POC, followed by bullish confirmation. Target: 4,721 first, then 4,834 if momentum continues. Invalidation: Sustained H4 acceptance below the Buy Order POC. Overall View The H4 trend remains bullish after the BOS. Rather than chasing the current price, the cleaner plan is to wait for a pullback and follow the main trend higher. Will Gold retest the Buy Order POC before targeting 4,721?
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