Gold continues to trade in an upward trend, recovering strongly from recent lows. On the 4-hour chart, price is moving closer to a falling resistance trendline, which has acted as a major barrier in the past. This makes the upcoming resistance zone very important for short-term traders.
The next key resistance lies between $4250–$4265, where profit booking can be expected. This area has multiple technical confluences, and traders should monitor how price reacts here. A successful breakout and close above this zone could lead to an extended rally toward $4320–$4350.
However, if price faces rejection from this trendline, a short-term pullback toward the $4120–$4080 support zone would be normal and healthy for the trend. Despite the short-term caution, the overall market structure for Gold remains bullish as long as the price stays above support.
Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
Analysis By TraderRahulPal | More analysis & educational content on my profile.
If you found this helpful, don’t forget to like and follow for regular updates.
The next key resistance lies between $4250–$4265, where profit booking can be expected. This area has multiple technical confluences, and traders should monitor how price reacts here. A successful breakout and close above this zone could lead to an extended rally toward $4320–$4350.
However, if price faces rejection from this trendline, a short-term pullback toward the $4120–$4080 support zone would be normal and healthy for the trend. Despite the short-term caution, the overall market structure for Gold remains bullish as long as the price stays above support.
Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
Analysis By TraderRahulPal | More analysis & educational content on my profile.
If you found this helpful, don’t forget to like and follow for regular updates.
交易开始
We are reaching towards the resistance zone, 交易结束：到达目标
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📈 High-Probability Trading Signals | Stocks & Index F&O
🎯 77% Historical Accuracy
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wa.me/919560602464
Join Free Telegram:
tinyurl.com/5n7xsehh
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。