XAU/USD (Gold) 4H Analysis
Gold (XAU/USD) remains in a strong uptrend, trading around $3,128.41, well above the 50-period moving average (blue line). This moving average has been acting as dynamic support, reinforcing bullish momentum.
📈 Bullish Scenario:
As long as Gold remains above the 50-period moving average, the uptrend is intact.
A retracement to the highlighted support zone could provide potential buying opportunities before the next move higher.
📉 Bearish Scenario:
A break and close below the support zone could indicate a deeper pullback.
However, as long as price remains above the 50 MA, the overall trend remains bullish.
⚠️ Risk Disclaimer:
This is not financial advice or a trading signal. Always confirm market conditions using your own strategy before making any decisions.
Gold (XAU/USD) remains in a strong uptrend, trading around $3,128.41, well above the 50-period moving average (blue line). This moving average has been acting as dynamic support, reinforcing bullish momentum.
📈 Bullish Scenario:
As long as Gold remains above the 50-period moving average, the uptrend is intact.
A retracement to the highlighted support zone could provide potential buying opportunities before the next move higher.
📉 Bearish Scenario:
A break and close below the support zone could indicate a deeper pullback.
However, as long as price remains above the 50 MA, the overall trend remains bullish.
⚠️ Risk Disclaimer:
This is not financial advice or a trading signal. Always confirm market conditions using your own strategy before making any decisions.
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.