On the 4-hour chart, overhead resistance is gradually shifting lower; immediate resistance lies around the 4090 level. A breakout above this could extend the rebound into the 4160–4170 zone. However, failure to break through this resistance would likely result in a renewed pullback.
Looking at the 1-hour chart, the price rose and then fell back again. Gold remains under pressure due to US-Iran tensions, with US-related factors continuing to drive market direction in the short term.
For short-term trading, consider buying near 4030 and monitoring the strength of the rally during the European session. If the upward momentum is strong, the position can be held; If the upward momentum is weak during the European session, close your position at 4055-4065.
Looking at the 1-hour chart, the price rose and then fell back again. Gold remains under pressure due to US-Iran tensions, with US-related factors continuing to drive market direction in the short term.
For short-term trading, consider buying near 4030 and monitoring the strength of the rally during the European session. If the upward momentum is strong, the position can be held; If the upward momentum is weak during the European session, close your position at 4055-4065.
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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.