XAUUSD Long Gold vs US Dollar xauusd trade idea
Gold is currently testing a major H4 demand zone around 4540 – 4565 after a strong bearish rejection from the 4715 resistance area . Price action shows that sellers remain active in the short term, but the market is approaching a key support region that has previously triggered bullish reversals. The overall structure remains range-bound between 4540 support and 4715 resistance , with price reacting multiple times from both zones. A strong bullish reaction from current support could lead to a recovery toward 4635 first, followed by a retest of 4715 resistance. However, if the market breaks and closes below 4540 , bearish momentum may accelerate toward the 4480 – 4450 zone. k Support: 4565 / 4540 / 4480 Resistance: 4635 / 4715 / 4800 Market sentiment on H4 remains cautious as gold trades
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