Resistance
🔴 **Nearest Resistance: 4,281 – 4,300**
* This is the price zone where the recent strong rally was rejected.
* If price revisits this area and forms a bearish reversal candlestick pattern (such as a Pin Bar or Bearish Engulfing), the probability of a pullback will increase.
🔵 **Major Resistance: 4,340 – 4,357**
* This is a key Supply/Resistance zone identified on the chart.
* It is also close to the **1.618 Fibonacci Extension level (4,324)**.
* If price breaks above 4,300, the next upside target will be the 4,340–4,357 resistance zone.
---
Support
🟢 **Support 1: 4,190 – 4,200**
* This is the first support zone following the recent breakout.
* Price may retest this area before continuing its bullish trend.
🟢 **Support 2: 4,100 – 4,120**
* This is a strong demand zone and the previous breakout area.
* If the market experiences a deeper correction, this will be an important zone to watch for potential Buy opportunities.
🟢 **Trend Support**
* The ascending trendline remains intact.
* As long as price stays above this trendline, the H4 trend remains bullish.
---
TRADING PLAN
BUY GOLD: **4200 – 4198**
**Stop Loss:** 4190
**Take Profit:**
* TP1: +200 pips
* TP2: +500 pips
* TP3: +1000 pips
---
SELL GOLD: **4348 – 4350**
**Stop Loss:** 4360
**Take Profit:**
* TP1: +200 pips
* TP2: +500 pips
* TP3: +1000 pips
🔴 **Nearest Resistance: 4,281 – 4,300**
* This is the price zone where the recent strong rally was rejected.
* If price revisits this area and forms a bearish reversal candlestick pattern (such as a Pin Bar or Bearish Engulfing), the probability of a pullback will increase.
🔵 **Major Resistance: 4,340 – 4,357**
* This is a key Supply/Resistance zone identified on the chart.
* It is also close to the **1.618 Fibonacci Extension level (4,324)**.
* If price breaks above 4,300, the next upside target will be the 4,340–4,357 resistance zone.
---
Support
🟢 **Support 1: 4,190 – 4,200**
* This is the first support zone following the recent breakout.
* Price may retest this area before continuing its bullish trend.
🟢 **Support 2: 4,100 – 4,120**
* This is a strong demand zone and the previous breakout area.
* If the market experiences a deeper correction, this will be an important zone to watch for potential Buy opportunities.
🟢 **Trend Support**
* The ascending trendline remains intact.
* As long as price stays above this trendline, the H4 trend remains bullish.
---
TRADING PLAN
BUY GOLD: **4200 – 4198**
**Stop Loss:** 4190
**Take Profit:**
* TP1: +200 pips
* TP2: +500 pips
* TP3: +1000 pips
---
SELL GOLD: **4348 – 4350**
**Stop Loss:** 4360
**Take Profit:**
* TP1: +200 pips
* TP2: +500 pips
* TP3: +1000 pips
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Disclaimer
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✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
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.