Gold is trading within a well-defined ascending channel on the 4H timeframe maintaining a strong bullish structure with higher highs and higher lows. Price has successfully held above the key BOS area around 4374–4380 which is acting as a major demand and continuation zone. The market is currently consolidating below the 4400–4405 resistance marked as a ATH indicating potential liquidity buildup. As long as price holds above 4360–4345 the bullish bias remains intact supported by trendline confluence. A clean breakout and acceptance above 4405–4410 can open the path toward the 4445–4490.
Buy on pullback: 4,370 – 4,345
- SL: Below 4,325
- TP1: 4,405
- TP2: 4,445
- TP3: 4,485 – 4,490
Buy on breakout: Clear 4H close above 4,410
- SL: 4,380
- TP: 4,450 → 4,490
Sell scenario (only if rejection): Strong rejection from 4,405–4,420
- SL: Above 4,445
- TP: 4,360 → 4,325
Overall, the trend remains bullish and sells should only be considered on strong rejection signals. Best strategy is to buy dips or confirmed breakouts keeping risk tight as price approaches the upper channel and year-end volatility remains high.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Buy on pullback: 4,370 – 4,345
- SL: Below 4,325
- TP1: 4,405
- TP2: 4,445
- TP3: 4,485 – 4,490
Buy on breakout: Clear 4H close above 4,410
- SL: 4,380
- TP: 4,450 → 4,490
Sell scenario (only if rejection): Strong rejection from 4,405–4,420
- SL: Above 4,445
- TP: 4,360 → 4,325
Overall, the trend remains bullish and sells should only be considered on strong rejection signals. Best strategy is to buy dips or confirmed breakouts keeping risk tight as price approaches the upper channel and year-end volatility remains high.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade attivo
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.
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.