The Trust Layer for Market Analysts

The analysis presents a bullish outlook for Gold (XAUUSD) on the H4 and Daily timeframes, despite a short-term bearish correction on the H1. Gold is currently trading around $4,792, having pulled back after reaching an all-time high of $4,888.6. The primary bullish scenario projects targets at $4,820, $4,890, and potentially $5,000, contingent on the H4 chart maintaining above the $4,760 level. Conversely, a bearish scenario, considered a pullback, would activate if the H4 closes below $4,720, potentially extending declines towards $4,660, with the bullish trend breaking entirely below $4,640. The DXY (Dollar Index) is seen as bullish, reinforced by recent pro-dollar statements from Trump's speech. DXY is expected to reach 99.1 if it decisively breaks above 98.8. However, if it fails to sustain above 98.8, a retracement to demand zones around 98.4 or 98.1 is possible. The overall DXY trend is anticipated to remain bullish, which could exert short-term pressure on Gold.