Long
Gold Breaks 4700 — Is 5000 Now Inevitable?
Yesterday, following the two-week ceasefire announcement, Gold broke above the 4700 resistance zone and accelerated higher, reaching a high of 4860.
This move confirms once again that lately, Gold has been behaving more like a risk asset rather than a traditional safe haven.
The Key Question
Has Gold already made its move… or is there still more upside to come?
Why the Bullish Continuation Makes Sense
- The 4600 level has now clearly established itself as a strong floor, with multiple confirmed reversals — the latest one just yesterday.
- The structure IS clean and bullish, with momentum still intact.
- Breakout above 4700 shifts the market into continuation mode.
Trading Plan
As long as Gold holds above 4700, the path of least resistance remains to the upside.
Targets: 4950 → 5000
Support: 4700 (key level, but unlikely to be deeply retested)
Preferred approach: Look for buying opportunities on pullbacks, especially into the 4750–4770 zone
This move confirms once again that lately, Gold has been behaving more like a risk asset rather than a traditional safe haven.
The Key Question
Has Gold already made its move… or is there still more upside to come?
Why the Bullish Continuation Makes Sense
- The 4600 level has now clearly established itself as a strong floor, with multiple confirmed reversals — the latest one just yesterday.
- The structure IS clean and bullish, with momentum still intact.
- Breakout above 4700 shifts the market into continuation mode.
Trading Plan
As long as Gold holds above 4700, the path of least resistance remains to the upside.
Targets: 4950 → 5000
Support: 4700 (key level, but unlikely to be deeply retested)
Preferred approach: Look for buying opportunities on pullbacks, especially into the 4750–4770 zone
Trade ist aktiv
The drop from the recent top is corrective
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.