Gold rallied to the 4100 area before encountering resistance and pulling back. The bulls failed to defend the 4050–4060 zone, and that former support has now flipped into resistance.
On the 4H chart, the overall structure has not been fully compromised – the bullish case remains intact for now. Keep a close eye on resistance levels to see if price can break through; if selling pressure persists, we'll need to turn our attention to support around the 4000 area.
The trading bias continues to lean towards the long side. Until we see a push towards the 4150 level, buying on dips remains the primary strategy in the near term.
Reference Levels:
Buy @ 4020 / 3980
Sell @ 4060 / 4100
On the 4H chart, the overall structure has not been fully compromised – the bullish case remains intact for now. Keep a close eye on resistance levels to see if price can break through; if selling pressure persists, we'll need to turn our attention to support around the 4000 area.
The trading bias continues to lean towards the long side. Until we see a push towards the 4150 level, buying on dips remains the primary strategy in the near term.
Reference Levels:
Buy @ 4020 / 3980
Sell @ 4060 / 4100
Nota
Two layers of supply to watch closely:First resistance: 4050–4060 — a convergence of short-term profit-taking and overhead supply. Some pullback pressure is expected here.
Stronger resistance: 4090–4100 — this is a more critical defense line for sellers. If price reaches this zone, the battle between bulls and bears will intensify significantly.
Nota
After touching the trend resistance line, prices have since pulled back, with the previous resistance level near 4050 now acting as a support floor. Given the current technical formation, a breakout above the trend resistance looks increasingly probable. The primary focus, however, remains on the supply overhang around 4100, where selling pressure is likely to intensify. At that point, it will be crucial to monitor how support holds near 4080. Overall, the bias stays firmly constructive, with upside still favoured.Nota
Nota
Today's recommended trade—buying near 4020 and selling near 4060—has delivered a solid overall profit.That said, we have just taken a stop-loss on a long position entered at 4052, as the 4050 support gave way far more quickly than anticipated. A bearish MACD crossover has now confirmed, and unless prices can quickly reclaim the 4040 level, we could see an accelerated drop towards the 4000 area.
Those holding long positions should exercise due caution.
Nota
Trade attivo
Buying opportunities are seen in the 4060–4050 region, targeting the 4090–4110 zone.Key near-term support is seen in the 4068–4051 zone, while major resistance lies around the 4100–4110 area overhead.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.