📊 EUROPEAN SESSION ANALYSIS | XAUUSD - M30
Gold has shown a strong recovery from the 4341-4350 area, with short-term bullish momentum pushing the price back toward the 4400 level. However, the market is now approaching an important resistance zone, so the European session may bring increased volatility
🔹 Key Resistance: 4410-4415
This is the immediate resistance area and the upper boundary of the current projected range. A strong break and sustained move above this zone could support further bullish momentum.
🔹 Key Support Levels
4385-4390: First support area during a potential pullback.
4370-4377: A stronger support zone and an important area for maintaining the current bullish structure.
4368: Key structural support. A break below this level could weaken the short-term bullish outlook.
📈 Main Scenario
Gold may continue moving higher toward the 4410-4415 resistance zone. If the price shows a clear bullish breakout and holds above this area, the recovery could extend further.
A pullback toward 4385-4390 would also be worth monitoring for a potential continuation of the current bullish momentum, provided that the market structure remains positive.
📉 Alternative Scenario
If gold is rejected from the 4410-4415 zone, the market could retrace toward 4385 and potentially 4370-4377 before determining its next direction.
📌 European Session Outlook:
Short-term bullish, but price is approaching a significant resistance area. The key focus for the session will be the reaction around 4410-4415 and whether the 4370-4377 support zone can hold during any correction.
⚠️ Wait for clear price confirmation and manage risk carefully during the European session, as volatility may increase around these key levels.
1September 9, 2026 3
