Hello traders! Here’s my technical outlook on XAUUSD (4H) based on the current chart structure shown in the screenshot. XAUUSD is trading within a broader bullish structure, supported by a well-defined ascending trend line that has guided price action since the market formed a solid base and started to grow. After the initial recovery, gold transitioned into a consolidation range, where price moved sideways, showing temporary balance between buyers and sellers. This range was eventually resolved to the upside with a clean breakout, confirming renewed bullish momentum. Following the breakout, price continued higher along the rising trend line, forming higher highs and higher lows. During this advance, the market experienced several false breakouts and shallow corrections, all of which were absorbed above the trend line, highlighting strong demand on pullbacks. The area around 4,540–4,560 is clearly defined as a Buyer Zone / Support Level, where previous resistance flipped into support and buyers repeatedly stepped in. Currently, XAUUSD is trading above the Buyer Zone and holding above the ascending trend line, which keeps the bullish structure intact. Price is now approaching the Seller Zone / Resistance Level around 4,660–4,680, which aligns with a descending resistance line from prior highs. This area represents a key supply zone where selling pressure may emerge and cause a reaction or short-term consolidation. My scenario: as long as XAUUSD remains above the Buyer Zone and continues to respect the rising trend line, the bullish bias remains valid. I expect buyers to defend pullbacks into support and attempt a continuation move toward the 4,680 Resistance Level (TP1). A clean breakout and acceptance above this resistance would confirm further bullish continuation and open the door for higher targets. However, a strong rejection from the Seller Zone followed by a decisive breakdown below the Buyer Zone and trend line would weaken the bullish structure and signal a deeper corrective move. For now, price is at a key decision area near resistance, and patience with proper risk management is essential. Please share this idea with your friends and click Boost 🚀
Trade chiuso: obiettivo raggiunto
Gold today shows that our analysis worked out perfectly. As we expected from the last shadows of the candles, there was an upward momentum towards our target.
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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.