Gold (XAU/USD) on the 1H chart has made a strong bullish breakout from the previous consolidation pattern and rallied into the 4,360–4,375 resistance zone. Price is now consolidating just below resistance, suggesting a potential rejection and short-term pullback.
Current Price: ~4,348
Resistance: 4,360–4,375
Target: 4,252.32
Support Zone: 4,215–4,230
Structure: Strong breakout followed by consolidation
Trade Idea: If price fails to break and hold above the 4,360–4,375 resistance zone, a bearish correction toward 4,252.32 could develop. The 4,215–4,230 area remains an important support zone if selling pressure increases.
Bias: 🔴 Bearish below resistance
Primary Target: 4,252.32
Current Price: ~4,348
Resistance: 4,360–4,375
Target: 4,252.32
Support Zone: 4,215–4,230
Structure: Strong breakout followed by consolidation
Trade Idea: If price fails to break and hold above the 4,360–4,375 resistance zone, a bearish correction toward 4,252.32 could develop. The 4,215–4,230 area remains an important support zone if selling pressure increases.
Bias: 🔴 Bearish below resistance
Primary Target: 4,252.32
Trade active
Active Trade closed: target reached
activeNote
target hitt
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Join my Telegram for regular learning content and trading ideas.
t.me/+PXFms68v6dplOTI0
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Join my Telegram for regular learning content and trading ideas.
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Disclaimer
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