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Gold (XAUUSD) H4 Analysis
Gold (XAUUSD) is currently showing bullish momentum after filling the previous week’s gap down. Price is trading above the key entry level of $3359, indicating continued strength. However, the market is approaching critical resistance levels, and a reaction is expected soon.
The next immediate target is $3315, which aligns with a potential short-term reversal area. If price reaches this level and faces rejection, we may see a pullback toward the entry zone at $3359 or even lower to retest unfilled gaps.
On the upside, if gold breaks and closes above the $3415 zone on the H1 or H4 timeframe, it could fuel a rally toward the previous high at $3434. A successful breach of this high would set the stage for a move toward the all time high above $3500.
To the downside, a key support level rests at $3246, which is considered a strong buying zone in case of a deeper correction. Additionally, a gap-up from the new week remains unfilled, suggesting that price might revisit lower levels before continuing higher.
Until a clean breakout occurs, the market may show choppy and indecisive behavior, especially with key fundamentals like inflation data approaching.
Key Levels:
Entry Point: $3359 (active buy level)
Short-term Target: $3315 (potential rejection area)
Breakout Resistance: $3415
Previous High: $3434
All-Time High: $3500
Unfilled Gap Support: $3313
Major Support: $3246
Buy setup (active in play)
Buy from $3359
TP at $33390
Target at $3415
Stop loss at $3349
Sell setup
Sell from $3415
TP at $3400
Target at $3390
Stop loss at $3325
As always, our mission remains to keep you informed with concise, real-time updates.
Thank you for your support, your likes, comments and follows are always appreciated and loved.
Jacks, Trade safely and wisely..!
Gold (XAUUSD) H4 Analysis
Gold (XAUUSD) is currently showing bullish momentum after filling the previous week’s gap down. Price is trading above the key entry level of $3359, indicating continued strength. However, the market is approaching critical resistance levels, and a reaction is expected soon.
The next immediate target is $3315, which aligns with a potential short-term reversal area. If price reaches this level and faces rejection, we may see a pullback toward the entry zone at $3359 or even lower to retest unfilled gaps.
On the upside, if gold breaks and closes above the $3415 zone on the H1 or H4 timeframe, it could fuel a rally toward the previous high at $3434. A successful breach of this high would set the stage for a move toward the all time high above $3500.
To the downside, a key support level rests at $3246, which is considered a strong buying zone in case of a deeper correction. Additionally, a gap-up from the new week remains unfilled, suggesting that price might revisit lower levels before continuing higher.
Until a clean breakout occurs, the market may show choppy and indecisive behavior, especially with key fundamentals like inflation data approaching.
Key Levels:
Entry Point: $3359 (active buy level)
Short-term Target: $3315 (potential rejection area)
Breakout Resistance: $3415
Previous High: $3434
All-Time High: $3500
Unfilled Gap Support: $3313
Major Support: $3246
Buy setup (active in play)
Buy from $3359
TP at $33390
Target at $3415
Stop loss at $3349
Sell setup
Sell from $3415
TP at $3400
Target at $3390
Stop loss at $3325
As always, our mission remains to keep you informed with concise, real-time updates.
Thank you for your support, your likes, comments and follows are always appreciated and loved.
Jacks, Trade safely and wisely..!
Trade active
Note
80 pips profit done from entry point 3359..
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✅ Join our VIP Premium Group for signals and to improve your trading skills.✔️
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t.me/+wiU4aBS6VKEzZWNk
✅ Join our VIP Premium Group for signals and to improve your trading skills.✔️
✅ Message us for VIP Premium Group Signals 👇
t.me/Jacks_998
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.