Based on the H4 (4-hour) timeframe analysis for XAU/USD (Gold), here’s a concise prediction:
- Trend Direction: Bearish
- Recent Price Action: A clean break below a consolidation zone or horizontal support (e.g., $3267.937) confirms downside pressure.
- Forecast: As long as gold remains below the 3267-937 resistance area, the bearish pressure is likely to continue, targeting $2,270 and potentially $2,245 in the short term.
Trade active
Forecast: As long as gold remains below the $3267.93 resistance area, the bearish pressure is likely to continue, targeting $3267.93****Trading Plan**
Entry Zone: 3250-3265
Stop Loss: 3272
Take Profit: 3100
Wait for the price to enter the zone!!
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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.