Gold is ranging between 4560 resistance and 4500 support. Instead of chasing the breakout, wait for confirmation and enter on a pullback.
Bullish Scenario Long
Break condition: Price breaks above 4560 and a 1H candle closes above it.
Confirmation: After the break, wait for price to pull back and retest 4560 as support.
Entry: On pullback to 4550 to 4560 zone after retest confirmation
Stop Loss: Below 4520
Take Profit: 4650 to 4660
Invalidation: If price drops back below 4500
Bearish Scenario Short
Break condition: Price breaks below 4500 and a 1H candle closes below it.
Confirmation: After the break, wait for price to pull back and retest 4500 as resistance.
Entry: On pullback to 4500 to 4510 zone after retest confirmation
Stop Loss: Above 4540
Take Profit: 4380 to 4400
Invalidation: If price rises back above 4560
Key Levels
Resistance: 4560 and 4650 to 4660
Support: 4500 and 4380 to 4400
Pro Tip
No chase. No FOMO. Wait for the retest. A breakout without a pullback often fails. Discipline wins.
Not financial advice. Trade at your own risk.
Tags: XAUUSD, Gold, Breakout, Pullback, PriceAction, TradingView
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.