Price is already testing the short-term support area after gaining 23.46 points during the morning window and trading through the 4605–4615 section. This setup needs immediate attention, but proximity alone is not a reason to enter without confirmation.
The case begins with H1 support around the psychological 4600 handle, reinforced by the 4595.53 S1 pivot and a former morning resistance area changing role. The higher-timeframe context also matters. The day remains inside the 4564.9–4643.27 range, with nearly 90% of ADR already used, favoring a retest over a chased breakout. On M15, the plan still requires a bullish change of character and a response around the unfilled imbalance.
This scalp is active only during the current New York window. Price may simply compress near 4600 until the 14:00 UTC event risk without producing a valid trigger. If the market takes 4564.9 again and accepts below that low, the short-term support thesis loses its foundation.
#XAUUSD #GOLD #TRADE
The case begins with H1 support around the psychological 4600 handle, reinforced by the 4595.53 S1 pivot and a former morning resistance area changing role. The higher-timeframe context also matters. The day remains inside the 4564.9–4643.27 range, with nearly 90% of ADR already used, favoring a retest over a chased breakout. On M15, the plan still requires a bullish change of character and a response around the unfilled imbalance.
This scalp is active only during the current New York window. Price may simply compress near 4600 until the 14:00 UTC event risk without producing a valid trigger. If the market takes 4564.9 again and accepts below that low, the short-term support thesis loses its foundation.
#XAUUSD #GOLD #TRADE
