Description:
Here’s what we’re seeing on the Gold 4H chart:
📍 OTEUM AREA OF INTEREST:
Price is approaching a critical resistance area (red zone).
A pullback into this zone could offer an intraweek buying opportunity.
📈 Potential Scenario:
Expect price to retrace into the highlighted area, testing the zone for support.
A confirmed bounce here could trigger the next leg higher toward new highs.
🔍 What to Watch:
Strong rejection candles or bullish confirmations in the red zone.
Breakouts above recent highs to confirm upward momentum to more ATHs toward 3000!!!
Are you taking the pullback play, or waiting for a breakout confirmation? Let’s discuss! #Gold #XAUUSD #TradingOpportunities 📊💡
Here’s what we’re seeing on the Gold 4H chart:
📍 OTEUM AREA OF INTEREST:
Price is approaching a critical resistance area (red zone).
A pullback into this zone could offer an intraweek buying opportunity.
📈 Potential Scenario:
Expect price to retrace into the highlighted area, testing the zone for support.
A confirmed bounce here could trigger the next leg higher toward new highs.
🔍 What to Watch:
Strong rejection candles or bullish confirmations in the red zone.
Breakouts above recent highs to confirm upward momentum to more ATHs toward 3000!!!
Are you taking the pullback play, or waiting for a breakout confirmation? Let’s discuss! #Gold #XAUUSD #TradingOpportunities 📊💡
Note
Price approach area of interest... waiting for H4 close and a rejection of the lows for entry...CPI data later today
Order cancelled
Plan reached the value area, but no trigger, no trade. Staying disciplined means no loss—patience always wins the game. On to the next opportunity!
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.
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.