📊 XAU/USD Chart Update – 4H Structure
🕓 May 20 – Session Outlook
Current Price: ~3,224.75
Gold is currently ranging just below key resistance at 3,239.97, holding support at 3,210.00.
🔍 Key Levels
🔹 Resistance:
– 3,239.97 (current ceiling)
– 3,264.60
– 3,290.55
🔹 Support:
– 3,210.87
– 3,179.59
-3,154.92
⚖️ Market Read
Price is ranging between 3,210 and 3,240 with higher lows forming, showing bullish pressure building up. EMAs are stacked slightly bullish (5 EMA above 21 EMA), but momentum is still waiting for a breakout.
🔮 What to Watch For:
🟢 Bullish Scenario
– Break and retest above 3,240
– Target: 3,264 – 3,290
– SL below 3,220
🔴 Bearish Scenario
– Rejection from 3,240
– Short idea back to 3,210 or 3,179
– SL above 3,240
🧠 Let the market decide — don’t force anything inside the range.
Breakout or rejection will give the next clean opportunity.
– Sensei 🥋
🕓 May 20 – Session Outlook
Current Price: ~3,224.75
Gold is currently ranging just below key resistance at 3,239.97, holding support at 3,210.00.
🔍 Key Levels
🔹 Resistance:
– 3,239.97 (current ceiling)
– 3,264.60
– 3,290.55
🔹 Support:
– 3,210.87
– 3,179.59
-3,154.92
⚖️ Market Read
Price is ranging between 3,210 and 3,240 with higher lows forming, showing bullish pressure building up. EMAs are stacked slightly bullish (5 EMA above 21 EMA), but momentum is still waiting for a breakout.
🔮 What to Watch For:
🟢 Bullish Scenario
– Break and retest above 3,240
– Target: 3,264 – 3,290
– SL below 3,220
🔴 Bearish Scenario
– Rejection from 3,240
– Short idea back to 3,210 or 3,179
– SL above 3,240
🧠 Let the market decide — don’t force anything inside the range.
Breakout or rejection will give the next clean opportunity.
– Sensei 🥋
Trade active
Gold price broke 3239, already made a retest on the lower Timeframes and is heading back up - Next Goal 3264Trade closed: target reached
We reached 3264, now we wait for new structure to be formed
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.