#XAUUSD Analysis: 4-Hour Higher Time Frame Chart
📊 Key Support Level: 2493
The 2493 level has proven to be a strong support zone, holding off the gold price decline 2-3 times.
Bullish Outlook: As long as gold maintains support at this level, we remain bullish.
🛑 Bearish Trigger: A 4-hour bearish candle closing below 2493 could signal a potential sell-off towards 2462-2451.
📉 Previous Week Insights
2464-2451 We previously marked this area as a high-probability buy zone.
This level aligns with the trendline liquidity, sitting just above the 0.50% Fibonacci retracement level and within a 4-hour order block.
🚀 Potential Upmove: If price shows rejection at this level, it could lead to a strong buy opportunity, targeting an upmove of 150-250 pips.
🔒 Risk Management: A stop loss around 2450 is advisable. However, I recommend entering only after clear rejection and confirmation.
🎯 Scenario 2: Bullish Breakout
Once the price successfully close above the 2527.20 And #H4 gives Bulllsh closing above this area, we anticipate a strong buying opportunity, targeting a new lifetime high around 2573.
📊 Key Support Level: 2493
The 2493 level has proven to be a strong support zone, holding off the gold price decline 2-3 times.
Bullish Outlook: As long as gold maintains support at this level, we remain bullish.
🛑 Bearish Trigger: A 4-hour bearish candle closing below 2493 could signal a potential sell-off towards 2462-2451.
📉 Previous Week Insights
2464-2451 We previously marked this area as a high-probability buy zone.
This level aligns with the trendline liquidity, sitting just above the 0.50% Fibonacci retracement level and within a 4-hour order block.
🚀 Potential Upmove: If price shows rejection at this level, it could lead to a strong buy opportunity, targeting an upmove of 150-250 pips.
🔒 Risk Management: A stop loss around 2450 is advisable. However, I recommend entering only after clear rejection and confirmation.
🎯 Scenario 2: Bullish Breakout
Once the price successfully close above the 2527.20 And #H4 gives Bulllsh closing above this area, we anticipate a strong buying opportunity, targeting a new lifetime high around 2573.
Trade closed: target reached
As Expected Price Made Low Of 2473 After Breaking 2493 level 
K
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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.