Gold remains in a broader uptrend, but price is currently pulling back into an important support area after rejecting higher-timeframe liquidity.
Resistance:
🔹 4252
🔹 4275
🔹 4300
Current Decision Zone:
🔹 4232–4240
Support:
🔹 4224 (1H)
🔹 4180 (15m)
Bullish: Hold above 4232–4240 and print a 5-minute higher low. A successful retest could open the way toward 4252, then 4275, with 4300 as the next higher-timeframe objective.
Bearish: Lose 4232 and confirm below it on the 5-minute chart. That would increase the probability of a move toward 4224, with 4180 as the next major support.
For now, I remain neutral. Price is trading between important liquidity levels, so I prefer to wait for confirmation rather than anticipate direction.
This is my personal market analysis and not financial advice.
Resistance:
🔹 4252
🔹 4275
🔹 4300
Current Decision Zone:
🔹 4232–4240
Support:
🔹 4224 (1H)
🔹 4180 (15m)
Bullish: Hold above 4232–4240 and print a 5-minute higher low. A successful retest could open the way toward 4252, then 4275, with 4300 as the next higher-timeframe objective.
Bearish: Lose 4232 and confirm below it on the 5-minute chart. That would increase the probability of a move toward 4224, with 4180 as the next major support.
For now, I remain neutral. Price is trading between important liquidity levels, so I prefer to wait for confirmation rather than anticipate direction.
This is my personal market analysis and not financial advice.
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.