Gold currently remains inside a parallel uptrend channel, showing a short-term bullish structure.
Key Buy Zone: 4161 – 4166
This area combines:
- Demand Zone
- Fibonacci 0.5 level – 4166
- Fibonacci 0.618 level – 4161
- Support S1
- Lower trend-channel support
Price may first give a pullback into the 4161–4166 demand area before continuing higher.
Upside Levels:
- TP1 / Resistance R1: 4170–4172
- TP2 / Resistance R2: 4185–4187
- TP3 / Resistance R3: 4201–4203
- Extended bullish move may test 4212+ channel resistance
Invalidation / Stop-loss Zone: Below 4144–4146
Projection:
As long as the 4144 support structure remains protected, the overall 1H setup favors a buy-on-dip scenario, with 4200+ as the major upside objective.
⚠️ Educational analysis only. Wait for price-action confirmation before entry. Trading carries risk.
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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.