By analyzing the #Gold chart on the 4H timeframe, we can see that price followed our bullish scenario and rallied toward $4399. However, after reaching the important supply zone, sellers stepped in and pushed Gold back toward $4368.
In my view, $4360 is now the key level. If Gold manages to close a 4H candle above this level within the next four hours, I expect another bullish attempt toward $4380, $4400, $4425, $4440 and potentially $4460.
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The nearest supply zones are around $4380 – $4400, followed by $4424 – $4463. On the downside, the important demand zones remain $4330 – $4350, followed by $4310 – $4325 and the deeper $4224 – $4285 area.
For now, my short-term bias remains bullish as long as $4360 holds. A decisive break below this level could trigger another correction toward the lower demand zones.
In my view, $4360 is now the key level. If Gold manages to close a 4H candle above this level within the next four hours, I expect another bullish attempt toward $4380, $4400, $4425, $4440 and potentially $4460.
If you've been following these Gold updates and find them useful, give this idea a Boost to support my work! 🙌
The nearest supply zones are around $4380 – $4400, followed by $4424 – $4463. On the downside, the important demand zones remain $4330 – $4350, followed by $4310 – $4325 and the deeper $4224 – $4285 area.
For now, my short-term bias remains bullish as long as $4360 holds. A decisive break below this level could trigger another correction toward the lower demand zones.
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📘 Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
Related publications
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.