🟢 Gold.. An optimistic outlook but with a condition: a break above 4,200
On the 4-hour timeframe, gold began to show a clear shift in the movement structure after breaking the descending trendline.
However, the current positive outlook is conditional on holding above the 4,200 zone.
🔹 A break above 4,200 and staying above it supports the continuation of the bullish scenario.
🔹 In this case, 4,550 becomes an important stop, then we target 4,710 – 4,790.
🔹 Retesting 4,200 and rebounding from it would be an additional signal of buyers’ strength.
⚠️ As for breaking 3,950 and returning below it, that weakens the bullish scenario and opens the door to a deeper correction.
🎯 Summary:
Gold is bullish above 4,200, and breaking above it and holding is the key to completing the uptrend.
Below it, we prefer caution and waiting for new confirmation.
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