Gold (4H) Technical Analysis
Price is consolidating just below a key resistance zone around 4238–4306, where multiple prior rejections occurred. The structure shows a steady bullish push supported by the 50-EMA, with higher lows forming and momentum building.
A clean break and 4H close above 4238 would confirm bullish continuation toward the first target zone at 4306, with potential extension toward 4378 if momentum remains strong.
Until a breakout occurs, this level remains a supply zone, and price may retest the breakout area or the 50-EMA for support.
Bias remains bullish, but confirmation is required above resistance.
Price is consolidating just below a key resistance zone around 4238–4306, where multiple prior rejections occurred. The structure shows a steady bullish push supported by the 50-EMA, with higher lows forming and momentum building.
A clean break and 4H close above 4238 would confirm bullish continuation toward the first target zone at 4306, with potential extension toward 4378 if momentum remains strong.
Until a breakout occurs, this level remains a supply zone, and price may retest the breakout area or the 50-EMA for support.
Bias remains bullish, but confirmation is required above resistance.
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Smart trades begin with smart signals. Join us
t.me/NabeelaFatima
Gold, Forex & Crypto
Your edge starts here
t.me/NabeelaFatima
t.me/NabeelaFatima
Gold, Forex & Crypto
Your edge starts here
t.me/NabeelaFatima
Related publications
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.