🟡 Instrument: Gold (XAUUSD)
⏰ Timeframe: 4-Hour (4H)
📈 Current Trend: Bullish (Price is rising steadily after retesting the 50 EMA)
📊 Supporting Indicators:
MA 50 & MA 200: Price is trading above both MAs, confirming a strong medium-to-long-term bullish trend.
RSI (7): Currently around 54, moving upward from neutral territory — indicating building bullish momentum.
📍 Potential Price Action (Bullish Scenario)
The chart shows a clear higher high and higher low structure. The following take-profit (TP) levels are expected:
🔹 TP 1: 3,502.58 – Initial resistance and the first breakout target.
🔹 TP 2: 3,653.56 – A possible light pullback area before continuation.
🔹 TP 3: 3,836.25 – Mid-term target and strong resistance zone.
🧠 Strategy Notes:
Confirmation will occur if price breaks and holds above recent swing highs and the 50 MA.
Watch the 3,500–3,510 zone closely as a key decision area.
RSI still has room to rise before entering overbought territory, suggesting more upside potential.
⚠️ Risk Management:
Suggested SL below the most recent swing low or under the 50 MA (approx. 3,300 area).
Use proper lot sizing and risk control according to your trading plan.
💬 Conclusion:
Gold is showing solid bullish momentum on the 4H chart. If price breaks above 3,350 and maintains strength, it could reach up to 3,836 in the mid-term. Watch key levels closely and manage risk wisely.
GOLD
⏰ Timeframe: 4-Hour (4H)
📈 Current Trend: Bullish (Price is rising steadily after retesting the 50 EMA)
📊 Supporting Indicators:
MA 50 & MA 200: Price is trading above both MAs, confirming a strong medium-to-long-term bullish trend.
RSI (7): Currently around 54, moving upward from neutral territory — indicating building bullish momentum.
📍 Potential Price Action (Bullish Scenario)
The chart shows a clear higher high and higher low structure. The following take-profit (TP) levels are expected:
🔹 TP 1: 3,502.58 – Initial resistance and the first breakout target.
🔹 TP 2: 3,653.56 – A possible light pullback area before continuation.
🔹 TP 3: 3,836.25 – Mid-term target and strong resistance zone.
🧠 Strategy Notes:
Confirmation will occur if price breaks and holds above recent swing highs and the 50 MA.
Watch the 3,500–3,510 zone closely as a key decision area.
RSI still has room to rise before entering overbought territory, suggesting more upside potential.
⚠️ Risk Management:
Suggested SL below the most recent swing low or under the 50 MA (approx. 3,300 area).
Use proper lot sizing and risk control according to your trading plan.
💬 Conclusion:
Gold is showing solid bullish momentum on the 4H chart. If price breaks above 3,350 and maintains strength, it could reach up to 3,836 in the mid-term. Watch key levels closely and manage risk wisely.
GOLD 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.