### **Gold Price Analysis Chart (XAU/USD - 4H Timeframe)**
This chart illustrates the price action of Gold (XAU/USD) against the U.S. Dollar on a 4-hour timeframe. Key technical levels are marked, indicating potential market movements:
1. **Short-Term Resistance** – This level represents a price ceiling where the market has faced selling pressure, potentially leading to a rejection or breakout.
2. **Short-Term Support** – This area acts as a temporary floor, where buyers have previously stepped in to push prices higher.
3. **Support Zone** – A significant support area that could serve as a stronger buying zone if the price drops further.
### **Potential Scenarios:**
🔹 **Bullish Case:** If the price rebounds from the short-term support and breaks the short-term resistance, it could signal a move toward higher levels, possibly exceeding $3,100.
🔹 **Bearish Case:** A break below the short-term support could lead to a decline toward the stronger support zone around $2,940-$2,950 before a potential rebound.
This chart illustrates the price action of Gold (XAU/USD) against the U.S. Dollar on a 4-hour timeframe. Key technical levels are marked, indicating potential market movements:
1. **Short-Term Resistance** – This level represents a price ceiling where the market has faced selling pressure, potentially leading to a rejection or breakout.
2. **Short-Term Support** – This area acts as a temporary floor, where buyers have previously stepped in to push prices higher.
3. **Support Zone** – A significant support area that could serve as a stronger buying zone if the price drops further.
### **Potential Scenarios:**
🔹 **Bullish Case:** If the price rebounds from the short-term support and breaks the short-term resistance, it could signal a move toward higher levels, possibly exceeding $3,100.
🔹 **Bearish Case:** A break below the short-term support could lead to a decline toward the stronger support zone around $2,940-$2,950 before a potential rebound.
Trade active
📌 Trade Setup & Plan:** *1️⃣ Bullish Scenario (Buy Trade) 🟢**
- **Entry:** Above the short-term resistance (~$3,040) after a confirmed breakout.
- **Target:** $3,100 – $3,120 (next potential resistance level).
- **Stop Loss:** Below $3,000 to manage risk.
- **Confirmation:** A strong bullish candle breaking above resistance with volume.
**2️⃣ Bearish Scenario (Sell Trade) 🔴**
- **Entry:** Below short-term support (~$3,000) after a confirmed breakdown.
- **Target:** $2,940 – $2,950 (major support zone).
- **Stop Loss:** Above $3,020 to minimize loss if price reverses.
- **Confirmation:** A strong bearish candle closing below support with momentum.
**Trade Status:**
🚀 **Trade is Active** – Current price (~$3,022) is near short-term support. Watch for price action confirmation before entering long or short trades.
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Join my telegram channel free
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Join my referal broker link
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t.me/usa_uae_xauusd_trader
Join my referal broker link
one.exnesstrack.org/a/mcl4ue398y?source=app
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.