Gold (4H) Technical Analysis
Price is consolidating just below a key resistance zone around 4238–4306, where multiple prior rejections occurred. The structure shows a steady bullish push supported by the 50-EMA, with higher lows forming and momentum building.
A clean break and 4H close above 4238 would confirm bullish continuation toward the first target zone at 4306, with potential extension toward 4378 if momentum remains strong.
Until a breakout occurs, this level remains a supply zone, and price may retest the breakout area or the 50-EMA for support.
Bias remains bullish, but confirmation is required above resistance.
Price is consolidating just below a key resistance zone around 4238–4306, where multiple prior rejections occurred. The structure shows a steady bullish push supported by the 50-EMA, with higher lows forming and momentum building.
A clean break and 4H close above 4238 would confirm bullish continuation toward the first target zone at 4306, with potential extension toward 4378 if momentum remains strong.
Until a breakout occurs, this level remains a supply zone, and price may retest the breakout area or the 50-EMA for support.
Bias remains bullish, but confirmation is required above resistance.
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Smart trades begin with smart signals. Join us
t.me/NabeelaFatima
Gold, Forex & Crypto
Your edge starts here
t.me/NabeelaFatima
t.me/NabeelaFatima
Gold, Forex & Crypto
Your edge starts here
t.me/NabeelaFatima
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.