4H Gold (XAUUSD) chart
Let’s break it down:
🧐 Current Structure:
• Price has pushed up strongly (big bullish momentum).
• Now it’s consolidating after the strong move (small candles, indecision).
• No clear breakout yet after consolidation.
• Last strong push started from around 3200-3220.
• Current level: around 3327.
📈 Is there a Buy Now?
NO, not immediately now.
• The price is stalling (small candles = indecision = possible short pullback).
• Buying now would be chasing — risky because price might correct first.
🔔 Better buy plan:
• Wait for price to pull back to a strong support zone.
• Good buy area = around 3280–3290 (small pullback) or stronger at 3250 (deeper pullback zone).
• Look for a bullish 4H candle confirmation at those levels (like a pin bar or bullish engulfing).
📉 Can you scalp a Sell?
YES, but very carefully.
• You can scalp a sell IF price breaks below 3320 with momentum.
• Target = 3300–3290 area for scalping (small pullback zone).
• Be careful: overall trend is still bullish, so selling is short-term only!
🛡️ Scalp Sell Setup Idea:
• Sell break below 3320.
• Stop loss above 3335.
• Target 3300–3290.
🚨 Quick Strategy Summary:
Action Condition Target
Buy Pullback to 3280–3250 with bullish candle 3350–3380
Scalp Sell Break below 3320 3290–3300
Let’s break it down:
🧐 Current Structure:
• Price has pushed up strongly (big bullish momentum).
• Now it’s consolidating after the strong move (small candles, indecision).
• No clear breakout yet after consolidation.
• Last strong push started from around 3200-3220.
• Current level: around 3327.
📈 Is there a Buy Now?
NO, not immediately now.
• The price is stalling (small candles = indecision = possible short pullback).
• Buying now would be chasing — risky because price might correct first.
🔔 Better buy plan:
• Wait for price to pull back to a strong support zone.
• Good buy area = around 3280–3290 (small pullback) or stronger at 3250 (deeper pullback zone).
• Look for a bullish 4H candle confirmation at those levels (like a pin bar or bullish engulfing).
📉 Can you scalp a Sell?
YES, but very carefully.
• You can scalp a sell IF price breaks below 3320 with momentum.
• Target = 3300–3290 area for scalping (small pullback zone).
• Be careful: overall trend is still bullish, so selling is short-term only!
🛡️ Scalp Sell Setup Idea:
• Sell break below 3320.
• Stop loss above 3335.
• Target 3300–3290.
🚨 Quick Strategy Summary:
Action Condition Target
Buy Pullback to 3280–3250 with bullish candle 3350–3380
Scalp Sell Break below 3320 3290–3300
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.