By analyzing the gold chart on the 4-hour timeframe, we can see that after our last analysis, the price corrected down to $3341, then rallied back up to $3399. Currently, gold is trading around $3373, and if it manages to hold above $3355, we can expect further upside movement.
Potential bullish targets are $3400, $3417, $3450, and $3468.
Potential bullish targets are $3400, $3417, $3450, and $3468.
Note
Our current bias on gold remains bullish as long as the price holds above the key level of $3355. The recent correction to $3341 was short-lived, and the sharp rebound toward $3399 suggests continued buyer interest at lower levels.The $3355 zone now acts as a key support — holding above it could trigger further momentum toward our short-term targets at $3400, $3417, $3450, and $3468. A break and close above $3400 would strengthen the bullish structure and may attract additional momentum traders.
Keep an eye on market sentiment and DXY movement, as both could influence short-term volatility in gold.
Trade closed manually
By analyzing the gold chart on the 4-hour timeframe, we can see that after our previous analysis, price climbed 200 pips from $3373 to $3393. However, following the ceasefire announcement between Iran and Israel, gold faced a sharp and continuous drop, correcting all the way down to $3296.After reaching this demand zone, price bounced and is now trading around $3323. If gold manages to rise and hold above $3333, we can expect further bullish momentum in the short term.
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
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Related publications
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.