Gold Finally Moves —Breakout Above 4020 Signals Bullish Momentum1. What Happened Last Week
Gold has spent most of last week consolidating in a narrow range 3960 and 4020, with only a short-lived downside spike on Wednesday. This range reflected market indecision , as traders waited for a clearer direction.
2. What’s Happening Now
The Asian session open this week brought the first meaningful breakout in days — price moved decisively above 4020 resistance and is now holding around the 4050 zone. This is the first clean bullish signal after multiple failed attempts last week.
3. Technical Outlook
From a technical perspective, the breakout opens room for an upside continuation. The next major target for buyers stands around the 4150 resistance.
As long as the 4000 level remains intact, bulls retain full control. That zone now acts as the line in the sand for short-term momentum.
4. Trading Plan
My plan is to buy dips near support and targets near 4150.
If the market closes back below 4000, the bullish bias would weaken, signaling a potential false breakout.
5. Conclusion
Gold has finally chosen direction — and as long as we stay above 4k, buying dips remains the smart play. The next few sessions will confirm if bulls have the strength to push toward 4150. 🚀
