Gold (XAU/USD) 4H Chart Analysis1. Trend: Gold is moving in an upward channel, showing both buying and selling pressure.
2. Support & Resistance:
Support: 2,900-2,910 (strong buying area).
Resistance: 2,940-2,950 (selling pressure zone).
3. Volume:
More buyers when price goes up.
Less selling pressure when price goes down.
4. Trading Plan:
Buy near 2,900-2,910 (if price stays above support).
Sell near 2,940-2,950 (if price faces resistance).