Following a brief pullback, gold continues to hold its bullish market structure as buyers successfully defend the 4100–4120 support zone. The recovery remains intact, with higher lows forming on the H1 timeframe, suggesting bullish momentum is still in control.
Price is currently consolidating above the previous breakout area. As long as gold stays above this key support, the preferred scenario remains a continuation toward higher resistance levels.
📍 Key Levels:
🔹 4100 – 4120
Key support zone and preferred buying area.
🔹 4145 – 4165
First resistance zone. A breakout would confirm further upside.
🔹 4180 – 4200
Next bullish target and major supply zone.
✅ Preferred Scenario:
Gold continues holding above 4100–4120.
Buyers remain in control after the recent pullback.
A break above 4145–4165 confirms bullish continuation.
The next upside target remains 4180–4200.
Price is currently consolidating above the previous breakout area. As long as gold stays above this key support, the preferred scenario remains a continuation toward higher resistance levels.
📍 Key Levels:
🔹 4100 – 4120
Key support zone and preferred buying area.
🔹 4145 – 4165
First resistance zone. A breakout would confirm further upside.
🔹 4180 – 4200
Next bullish target and major supply zone.
✅ Preferred Scenario:
Gold continues holding above 4100–4120.
Buyers remain in control after the recent pullback.
A break above 4145–4165 confirms bullish continuation.
The next upside target remains 4180–4200.
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.