#XAUUSD #H4 📊 Current Situation: Gold has entered a range after creating a new lifetime high. The upper boundary of this range is around 2521-23, and the lower boundary is around 2490-88.
🔔 Breakout/Breakdown Alert: Watch for an #H4 bullish or bearish candle closing above or below these levels. A breakout or breakdown could trigger a one-sided movement of at least 200 pips.
📉 Downside Strategy:
- Support Zone: 2482-2475 has previously acted as strong support and might hold the fall of gold. If we see a solid rejection from this area, such as an #H1 bullish candle, it could be a good buy opportunity.
- Next Support: If this zone fails, the next key area is 2458-2450, aligned with the Fibonacci 0.38% level and an #H4 order block—considered a high-probability buy zone for a big move.
📈 Upside Strategy:
- As shared in our previous #H1 setup, align your entries with an #H4 bullish candle closing above 2525 for a big buy opportunity.
⚠️ Range-Bound Caution: In a range-bound market, it’s best to stay cautious as both buy and sell trades can be easily hunted. One strategy is to buy at the lower range and sell at the upper range, but remember, selling in a bullish market can be risky.
💡 Trade Wisely, Aim for the Best Moves! 💡
🔔 Breakout/Breakdown Alert: Watch for an #H4 bullish or bearish candle closing above or below these levels. A breakout or breakdown could trigger a one-sided movement of at least 200 pips.
📉 Downside Strategy:
- Support Zone: 2482-2475 has previously acted as strong support and might hold the fall of gold. If we see a solid rejection from this area, such as an #H1 bullish candle, it could be a good buy opportunity.
- Next Support: If this zone fails, the next key area is 2458-2450, aligned with the Fibonacci 0.38% level and an #H4 order block—considered a high-probability buy zone for a big move.
📈 Upside Strategy:
- As shared in our previous #H1 setup, align your entries with an #H4 bullish candle closing above 2525 for a big buy opportunity.
⚠️ Range-Bound Caution: In a range-bound market, it’s best to stay cautious as both buy and sell trades can be easily hunted. One strategy is to buy at the lower range and sell at the upper range, but remember, selling in a bullish market can be risky.
💡 Trade Wisely, Aim for the Best Moves! 💡
Mr K
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t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
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.
Mr K
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
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.