GOLD IS RUNNING โ BUT WHERE NEXT? ๐
$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.
๐ Key levels Iโm watching: โข 4,512 โ first major support
โข 4,473 โ deeper support
โข 4,620โ4,650 โ 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? ๐
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.
๐ Key levels Iโm watching: โข 4,512 โ first major support
โข 4,473 โ deeper support
โข 4,620โ4,650 โ 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? ๐
This is my personal technical analysis, not financial advice.
#XAUUSD #Gold #forexlifestyle
@syedarslan4627