Description:
This 4-hour Gold Spot (XAU/USD) chart highlights a trading range between a strong support zone around 4,370–4,390 and a strong resistance zone around 4,515–4,535. Price is currently trading near 4,475 after rebounding from support but remains below resistance. The analysis suggests that repeated rejection from the upper resistance area could trigger a move back toward support, while a breakout above resistance may signal further bullish momentum. Upcoming U.S. economic events are marked on the chart as potential catalysts for increased volatility.
Not financial advice
This 4-hour Gold Spot (XAU/USD) chart highlights a trading range between a strong support zone around 4,370–4,390 and a strong resistance zone around 4,515–4,535. Price is currently trading near 4,475 after rebounding from support but remains below resistance. The analysis suggests that repeated rejection from the upper resistance area could trigger a move back toward support, while a breakout above resistance may signal further bullish momentum. Upcoming U.S. economic events are marked on the chart as potential catalysts for increased volatility.
Not financial advice
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.