Bullish Recovery Toward Major Resistance

Fundamental Analysis Gold is recovering after the Fed raised rates 25 bp to 3.75%–4.00%. A softer U.S. dollar and easing oil prices are supporting the rebound, although the Fed’s signal that further hikes may still come keeps the broader macro backdrop cautious for Gold. Technical Analysis On H1, Gold has recovered strongly from the 4,250–4,260 support area and pushed through the 4,350–4,360 OB Sell Zone. Price is now near 4,373, showing improving bullish momentum. A short pullback toward the 4,305–4,328 FVG High Zone may provide a cleaner continuation area if buyers remain in control. The main upside objective is the 4,390–4,405 Major Resistance / BSL. Important Key Levels 4,390–4,405 — Major Resistance / BSL 4,350–4,360 — OB Sell Zone 4,305–4,328 — FVG High Zone 4,235–4,245 — OB Buy Zone + Support Trading Scenario Buy priority remains on a controlled pullback followed by bullish H1 confirmation. Target: 4,390–4,405 BSL. Invalidation: H1 acceptance below the FVG High Zone. Overall View Short-term momentum has shifted bullish, but chasing the current expansion is less attractive. A pullback into support could offer a cleaner continuation setup toward upper liquidity. Will Gold retest the FVG first, or continue directly toward 4,400?