Gold is trading in a tight consolidation range after a strong bullish impulse. Price is forming a symmetrical triangle, indicating volatility compression.
Key levels:
Resistance: 4,630 – 4,650
Support: 4,580 – 4,595
Outlook:
Bullish breakout above 4,630 may push price toward 4,680–4,700.
Bearish breakdown below 4,580 can lead to 4,540–4,520.
Plan:
Wait for a clear 4H close outside the range.
Key levels:
Resistance: 4,630 – 4,650
Support: 4,580 – 4,595
Outlook:
Bullish breakout above 4,630 may push price toward 4,680–4,700.
Bearish breakdown below 4,580 can lead to 4,540–4,520.
Plan:
Wait for a clear 4H close outside the range.
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.