XAUUSD Analysis – 4H Outlook
Gold briefly broke below 2988.00 following tariff headlines but quickly snapped back above the psychological 3000 level ahead of London open.
The 4H candle just closed above 3013 — a strong resistance that’s held firm all week — indicating bullish pressure.
A break of the previous 4H high opens up a move toward 3041 (+176 pips). Continued momentum above 3052 would confirm longer-term buys in line with the bullish trend.
🟩 Bias: Bullish, supported by tariff news and key level reactions.
Gold briefly broke below 2988.00 following tariff headlines but quickly snapped back above the psychological 3000 level ahead of London open.
The 4H candle just closed above 3013 — a strong resistance that’s held firm all week — indicating bullish pressure.
A break of the previous 4H high opens up a move toward 3041 (+176 pips). Continued momentum above 3052 would confirm longer-term buys in line with the bullish trend.
🟩 Bias: Bullish, supported by tariff news and key level reactions.
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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.