📊London Session Update | 🥇Gold
Gold is currently testing the key resistance zone at 4,300.
Current price: $4,300
Price has extended into the 4,300 – 4,320 area identified earlier as the primary upside level.
Market Structure : The short-term bullish structure remains intact following the breakout. However, price is now at a clear decision point after a strong multi-day advance.
Key Levels
🔸Resistance: 4,300 – 4,320
🔸Near-term support: 4,250 – 4,220
🔸Secondary support: 4,200 – 4,180
Approach for the Remainder of the Session :
🔸Avoid initiating new longs at current levels.
🔸Prefer waiting for a clear reaction at resistance.
🔸A rejection and pullback toward 4,250 – 4,220 would offer a higher-probability long setup.
🔸A decisive break and acceptance above 4,320 would open further upside potential.
🔸The short-term bullish structure would be invalidated on a sustained break below 4,180.
Summary:
Price is at resistance after a strong extension. Patience and level-based execution remain the priority over aggressive entries.
$XAU
Gold is currently testing the key resistance zone at 4,300.
Current price: $4,300
Price has extended into the 4,300 – 4,320 area identified earlier as the primary upside level.
Market Structure : The short-term bullish structure remains intact following the breakout. However, price is now at a clear decision point after a strong multi-day advance.
Key Levels
🔸Resistance: 4,300 – 4,320
🔸Near-term support: 4,250 – 4,220
🔸Secondary support: 4,200 – 4,180
Approach for the Remainder of the Session :
🔸Avoid initiating new longs at current levels.
🔸Prefer waiting for a clear reaction at resistance.
🔸A rejection and pullback toward 4,250 – 4,220 would offer a higher-probability long setup.
🔸A decisive break and acceptance above 4,320 would open further upside potential.
🔸The short-term bullish structure would be invalidated on a sustained break below 4,180.
Summary:
Price is at resistance after a strong extension. Patience and level-based execution remain the priority over aggressive entries.
$XAU