Gold Spot / U.S. Dollar forum
H4: Still clearly bearish. Lower highs and lower lows are intact. The recent bullish push is just a retracement so far—not a reversal.
H1: Shows a slight bullish pullback, but it hasn't broken structure or reclaimed a significant resistance (like 3266 or above).
Support Zone: Around 3214–3220, which price recently respected. That’s the key floor to watch.
Resistance Zone: Near 3260–3275. That’s where sell pressure has been returning.
Price Action: The recent push up appears corrective, not impulsive. No strong bullish candle closures above key zones yet.
Prediction for Market Open:
Unless gold gaps up strongly above 3260, the bias remains bearish. We might see:
1. A brief bullish attempt (filling the weekend gap or testing resistance),
2. Then likely rejection and continuation downward—unless the fundamentals or news drastically change.
Recommendation:
If you're bullish, wait for a break and retest above 3266–3275.
If you're bearish, look for rejection at 3250–3260 on lower timeframes (M15/M30) after market opens for a sell entry.
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