XAUUSD Gold vs US Dollar Gold Price Prediction: 4100-4105 Support Holds the Key
Gold is trading around 4120 zone after finding support near the 4105-4125 area. The 1H chart shows a possible bullish recovery from this support zone with 4143 as the first key resistance. A break and hold above 4143 could push price toward 4160-4180 and eventually 4226 where the major descending trendline resistance sits. However, failure to hold 4105-4125 would keep the bearish structure active and could expose lower levels. Trade Plan-Sell Setup Sell Zone: 4160-4180 Sell Trigger: H1-H4 bearish rejection, bearish engulfing or failure to hold above 4160–4180 Targets: 4143, 4125, 4105, 4080 Extended Target: 4050-4020 Invalidation: H4 close above 4226. A sustained breakout above this area would weaken the bearish structure and could open the way toward 4250-4280. Trade Plan-Buy Setup Buy
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