Pip Happens

Gold (XAUUSD) – Intraday View

Price is currently consolidating below the previous support turned resistance around 5040, forming a small ascending structure after the recent sell-off.
This looks like a potential corrective move within a bearish context, especially while price remains below the key resistance zone.
If the current structure fails to break higher, I’ll be watching for continuation toward the lower support area around 4880.

Key areas:
5040 resistance
4880 support

For now, it’s a matter of whether buyers can break and hold above resistance, or if sellers regain control from this consolidation.
Waiting for confirmation as always.

Gold (XAUUSD) – Post-Fed Reaction


Following the Fed release, price moved with strong downside momentum and broke below the previously discussed structure.

The consolidation below the monthly low (~5038) failed to hold, and sellers remained in control, pushing price into lower liquidity around 4700s.
This confirms that the earlier move was not accumulation, but continuation within the broader bearish context.

Key takeaway:
When price consolidates below a key level and fails to reclaim it, continuation is more likely than reversal.
For now, the focus shifts to whether price stabilizes at current lows or if we see a corrective pullback before any continuation.
As always, waiting for structure to form again before reassessing.