Gold (XAUUSD) continues to accumulate above the $3,970–$3,980 demand base, forming a tight range after several rejections from this zone. This consolidation signals potential energy buildup for a bullish breakout toward higher key levels.
Technical Breakdown:
Support Zone: $3,970–$3,980 (Accumulation Range)
Immediate Resistance: $3,998–$4,000 (Range High)
Upside Targets:
$4,141 — Previous structural resistance
$4,226 — Fib extension level
$4,379 — Major high / target zone
Market Structure Insight:
Price has successfully tested and respected the range support multiple times, suggesting a strong accumulation phase within a bullish macro backdrop. As long as Gold holds above $3,970, buyers are expected to regain control and drive toward the $4,200 handle.
Trade Plan:
Bullish bias remains intact above $3,970.
A confirmed 4H close above $4,000 signals momentum shift to the upside.
Target sequence: $4,141 → $4,226 → $4,379
A break below $3,950 would temporarily neutralize the setup.
Bias:
🟢 Bullish continuation while holding above $3,970, targeting breakout extension toward $4,200–$4,380 range.
Technical Breakdown:
Support Zone: $3,970–$3,980 (Accumulation Range)
Immediate Resistance: $3,998–$4,000 (Range High)
Upside Targets:
$4,141 — Previous structural resistance
$4,226 — Fib extension level
$4,379 — Major high / target zone
Market Structure Insight:
Price has successfully tested and respected the range support multiple times, suggesting a strong accumulation phase within a bullish macro backdrop. As long as Gold holds above $3,970, buyers are expected to regain control and drive toward the $4,200 handle.
Trade Plan:
Bullish bias remains intact above $3,970.
A confirmed 4H close above $4,000 signals momentum shift to the upside.
Target sequence: $4,141 → $4,226 → $4,379
A break below $3,950 would temporarily neutralize the setup.
Bias:
🟢 Bullish continuation while holding above $3,970, targeting breakout extension toward $4,200–$4,380 range.
Declinazione di responsabilità
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.
Declinazione di responsabilità
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.