Gold holds above $4000 — waiting for breakout confirmation🟠 Market Overview
Gold (XAU/USD) is trading around $4012, moving in a narrow range between $4000 – $4020.
Buying pressure remains firm near the psychological support at $4000, while sellers are defending the $4025–$4030 resistance zone.
The market is in a neutral consolidation phase, waiting for direction before the U.S. session tonight.
📊 Technical Analysis
• Near-term support: $4000 – $4003
• Near-term resistance: $4025 – $4028
• EMA50 (H1): currently around $4008 — acting as dynamic support.
• RSI (H1): near 48 — neutral, suitable for two-way scalping setups.
🔎 Outlook
Gold is “compressing” around $4010.
Main scenario: if the price holds above $4000 and confirms a bullish H1 candle, the upward trend could resume toward $4035–$4050.
Conversely, if the price closes below $3998, a pullback to $3985 becomes likely.
→ Prefer BUY setups on support reactions, and SELL setups only on strong rejection near resistance.
🎯 TRADE STRATEGY
🔺 BUY XAU/USD : $3987 – $3984
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $3980
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🔻 SELL XAU/USD : $4026 – $4029
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $4033
