GOLD IS RUNNING — BUT WHERE NEXT? 👀
$XAUUSD on the 1H chart is still showing a strong bullish structure.
Price has pushed above the previous consolidation and is now trading around 4,616 after a powerful upside move.
📌 Key levels I’m watching: • 4,512 → first major support
• 4,473 → deeper support
• 4,620–4,650 → current resistance/decision zone
As long as price holds above the key support areas, the bullish structure remains intact.
But after such a strong rally, I would NOT blindly chase the move. A pullback and confirmation could offer a cleaner setup.
My question:
Do you think Gold breaks above 4,650 next, or are we going to see a pullback first? 👇
This is my personal technical analysis, not financial advice.
#XAUUSD #Gold #forexlifestyle
@syedarslan4627
$XAUUSD on the 1H chart is still showing a strong bullish structure.
Price has pushed above the previous consolidation and is now trading around 4,616 after a powerful upside move.
📌 Key levels I’m watching: • 4,512 → first major support
• 4,473 → deeper support
• 4,620–4,650 → current resistance/decision zone
As long as price holds above the key support areas, the bullish structure remains intact.
But after such a strong rally, I would NOT blindly chase the move. A pullback and confirmation could offer a cleaner setup.
My question:
Do you think Gold breaks above 4,650 next, or are we going to see a pullback first? 👇
This is my personal technical analysis, not financial advice.
#XAUUSD #Gold #forexlifestyle
@syedarslan4627