Gold continues to trade within a constructive recovery structure after successfully defending the 4000 support zone. The recent series of higher lows shows buyers are gradually regaining control, while bearish momentum continues to weaken following multiple failed attempts to push prices lower.
The market is now approaching the descending H4 trendline once again. This trendline has acted as dynamic resistance for several sessions, making it the most important technical level to watch. A decisive breakout above this area would confirm a shift in short-term momentum and increase the probability of a broader recovery.
The first upside objective remains the 4035–4045 resistance zone. If buyers can establish acceptance above this area, gold could extend toward the higher H4 resistance around 4070–4085, where stronger selling pressure may appear.
For now, the preferred approach is to continue buying pullbacks while price remains above the 4000 support. Scalping opportunities still favor the bullish side, but the higher-probability trade will come once the descending trendline is broken with strong momentum and volume.
📍 Key Levels
🔹 3995 – 4005
Primary support and preferred buying zone.
🔹 4035 – 4045
First resistance and breakout confirmation level.
🔹 4070 – 4085
Major H4 resistance and primary upside target.
🔹 Below 3990
A sustained move below this level would weaken the current recovery scenario and shift focus back toward range trading.
✅ Preferred Scenario
Gold continues holding above the 4000 support.
Buyers pressure the descending H4 trendline.
A confirmed breakout above 4035–4045 opens the way toward 4070–4085.
Continue favoring buy-on-dips until the market proves otherwise.
If resistance rejects price again, expect another short-term consolidation before the next breakout attempt.
The market is now approaching the descending H4 trendline once again. This trendline has acted as dynamic resistance for several sessions, making it the most important technical level to watch. A decisive breakout above this area would confirm a shift in short-term momentum and increase the probability of a broader recovery.
The first upside objective remains the 4035–4045 resistance zone. If buyers can establish acceptance above this area, gold could extend toward the higher H4 resistance around 4070–4085, where stronger selling pressure may appear.
For now, the preferred approach is to continue buying pullbacks while price remains above the 4000 support. Scalping opportunities still favor the bullish side, but the higher-probability trade will come once the descending trendline is broken with strong momentum and volume.
📍 Key Levels
🔹 3995 – 4005
Primary support and preferred buying zone.
🔹 4035 – 4045
First resistance and breakout confirmation level.
🔹 4070 – 4085
Major H4 resistance and primary upside target.
🔹 Below 3990
A sustained move below this level would weaken the current recovery scenario and shift focus back toward range trading.
✅ Preferred Scenario
Gold continues holding above the 4000 support.
Buyers pressure the descending H4 trendline.
A confirmed breakout above 4035–4045 opens the way toward 4070–4085.
Continue favoring buy-on-dips until the market proves otherwise.
If resistance rejects price again, expect another short-term consolidation before the next breakout attempt.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.