Chart Breakdown – GOLD (4H) KEY LEVEL TO WHATCH AND WHY

3 giorni fa

Hello traders!
It’s been a while since our last market update — I’ve been tied up working on a few exciting projects behind the scenes. But let’s dive straight into the action with a fresh look at GOLD for this week.

🔍 Chart Breakdown – GOLD (4H)
We’ve been tracking a Double Drive Bullish setup that activated from the Entry Level at 3177.11, and since then, price has unfolded a sequence of high-probability structures:

✅ ABC bullish continuation

✅ Multiple Double Drive formations

✅ A clean 121 Bullish Symmetry Pattern

✅ Rectangular Channel breakout

✅ Local Head & Shoulders bottom

As expected, price found support near the 78.6% retracement at 3308, which was also the final wall of the last 121 structure. From there, GOLD pushed impulsively and is now trading at 3432.

🟩 Key Level to Watch: 3432.50
This is our pivot. If price holds this zone, we may be setting up for an extension move — potentially toward:

🔹 61.8% Extension –

🔹 78.6% Extension –

🔹 100% 121 target – full symmetry alignment and major exhaustion zone

📈 Summary:
We’re in a continuation structure with bullish pressure building. GOLD is respecting all key reversal structures and fib symmetry so far. As long as 3432.50 holds, we’re eyeing new highs — with the potential to challenge ATH zones through the layered completion targets above.

Let’s keep our focus sharp, manage risk like pros, and trade with discipline.
Stay tuned for real-time updates and new pattern alerts throughout the week.

— Trade Chart Patterns Like The Pros

13 ore fa

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