Gold is currently trading around the 4,390 area after showing rejection from the recent 4,400–4,420 region.
The chart highlights an important reaction zone around 4,300–4,315 (STS Level), while the larger SP Level is near 4,232.
Price has already made a strong upward move from the lower support area and is now showing hesitation near the recent highs. From a technical perspective, the key point is how price behaves around the current 4,390–4,400 region.
Key levels to watch:
• 4,420–4,431 — upper resistance area
• 4,390 — current reaction area
• 4,300–4,315 — STS Level
• 4,232 — SP Level
If weakness continues, the marked zones below could become areas of interest. If price regains the recent high region and holds above it, the downside scenario would need to be reconsidered.
This is a chart-structure study based on the levels shown in the image. Always manage risk carefully and wait for price confirmation before making any decision.
#XAUUSD #Gold #TechnicalAnalysis #PriceAction #MarketStructure
The chart highlights an important reaction zone around 4,300–4,315 (STS Level), while the larger SP Level is near 4,232.
Price has already made a strong upward move from the lower support area and is now showing hesitation near the recent highs. From a technical perspective, the key point is how price behaves around the current 4,390–4,400 region.
Key levels to watch:
• 4,420–4,431 — upper resistance area
• 4,390 — current reaction area
• 4,300–4,315 — STS Level
• 4,232 — SP Level
If weakness continues, the marked zones below could become areas of interest. If price regains the recent high region and holds above it, the downside scenario would need to be reconsidered.
This is a chart-structure study based on the levels shown in the image. Always manage risk carefully and wait for price confirmation before making any decision.
#XAUUSD #Gold #TechnicalAnalysis #PriceAction #MarketStructure
For Daily Updates Join My Team
t.me/ForexFGT
t.me/ForexFGT
Join My Community
t.me/ForexFGT
t.me/ForexFGT
Join My Community
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
For Daily Updates Join My Team
t.me/ForexFGT
t.me/ForexFGT
Join My Community
t.me/ForexFGT
t.me/ForexFGT
Join My Community
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.