XAUUSD (H4) – TRENDLINE BREAK CONFIRMEDXAUUSD (H4) – TRENDLINE BREAK CONFIRMED, NOW IT’S ALL ABOUT BUYING THE DIP.
Macro context
Safe-haven flows are still supporting precious metals as geopolitical uncertainty rises. Headlines around the US–Venezuela situation and political pushback can keep price action reactive, meaning sharp spikes and liquidity sweeps are very possible before the market commits to the next leg.
Technical view (H4)
The bullish structure remains intact: higher highs + higher lows.
Price has broken the trendline/resistance and is holding above the “buy resistance” area around 4550 → a positive sign for continuation.
The 1.618 Fibonacci extension above is a major liquidity magnet, but also a zone where short-term profit-taking can trigger a pullback.
Key levels
Pivot support: 4550–4545
Deeper support: 4475–4455 (balance area inside the rising channel)
Target resistance: 4760–4770 (Fibo 1.618 / “sell Fibonacci” zone)
Trading scenarios
Scenario 1: Trend-following BUY (preferred)
Entry: Buy pullback 4552–4560
SL: 4540
TP1: 4635–4660
TP2: 4720–4740
TP3: 4760–4770
Plan: wait for a clean reaction at the new support after the breakout, then ride the trend.
Scenario 2: Safer BUY after a deeper liquidity sweep
If price dumps hard on thin liquidity/news:
Entry: Buy 4475–4455
SL: 4435
TP: 4550 → 4635 → 4760
Scenario 3: Reaction SELL (short-term only)
Only if there’s a clear rejection at the highs:
Sell zone: 4760–4770
SL: 4785
TP: 4685 → 4635 → 4550
Conclusion
H4 bias stays bullish after the trendline break. The best approach is no chasing — wait for a dip into 4550 to buy with structure. SELL is only a tactical reaction if price rejects hard at the 1.618 extension.
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