Gold (XAUUSD) Trade Plan โ€“ 4H Chart Analysis

95
Hello everyone,

GOLD 4H NEW FORECAST

๐Ÿ“Œ Market Structure & Trend

The price is in a strong uptrend with consistent higher highs and higher lows.

A breakout above the previous All-Time High (ATH) occurred but faced resistance.

The price is currently retesting the breakout zone (~2,935.000 - 2,938.000).

๐Ÿ”น Bullish Scenario (Buy Setup)
๐Ÿ“ Entry:

If price stays above 2,935.000 (pivot level), wait for a bullish confirmation (e.g., bullish engulfing, strong rejection wicks).
A break and retest of 2,938.000 with a bullish candle close can be a good buy opportunity.
๐ŸŽฏ Targets:

First target: 2,956.000 (next resistance)
Final target: 2,972.000 (major resistance)
๐Ÿ›‘ Stop Loss:

Below 2,920.000 (previous swing low) to allow for minor pullbacks.

๐Ÿ”ป Bearish Scenario (Sell Setup)
๐Ÿ“ Entry:

If price fails to hold 2,935.000 and closes below it, expect a potential drop.
A strong rejection from 2,938.000 - 2,940.000 with bearish confirmation (e.g., double top, bearish engulfing) could indicate a reversal.
๐ŸŽฏ Targets:

First target: 2,880.000 (major support)
Final target: 2,840.000 (deeper retracement level)

๐Ÿ›‘ Stop Loss:
Above 2,950.000 to protect against sudden spikes.

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.