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 Zone: 4105-4125
Buy Trigger: H1-H4 bullish rejection, bullish engulfing or strong reversal from the support zone
Targets: 4143, 4160, 4180, 4226
Extended Target: 4250-4280
Invalidation: H4 close below 4105. A sustained break below this level would weaken the bullish recovery setup and expose 4080, 4050 followed by 4020-4000.
Note
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MQL5 프로필
새 코멘트
Gold should hold 4100-4105 for bullish movement. Lets see and wait for more confimation