Next test level: 4,220. Gold has regained upward momentum. Bulls need to break through resistance to sustain the rebound.
H1 — Higher lows indicate a bullish bias.
The break in the downtrend supports further gains; the 4,180–4,187 range is a key short-term level. The next hurdle is a decisive break above 4,219–4,221.
Primary Strategy — Buy within the 4,160–4,185 range following a confirmed bullish reaction.
Initial target: 4,219; subsequent targets: 4,255–4,265.
Alternative Strategy — Buy after an H1 close above 4,221, pending a successful retest confirmation.
Targets: 4,255–4,265, with a further target at 4,280.
Risk Level: If the 4,160 level is lost and not reclaimed, bullish momentum will weaken; the price could pull back to 4,140–4,150 and potentially head toward 4,112.
Bulls hold the advantage on the H1 timeframe. Waiting for a pullback or a breakout signal is recommended
H1 — Higher lows indicate a bullish bias.
The break in the downtrend supports further gains; the 4,180–4,187 range is a key short-term level. The next hurdle is a decisive break above 4,219–4,221.
Primary Strategy — Buy within the 4,160–4,185 range following a confirmed bullish reaction.
Initial target: 4,219; subsequent targets: 4,255–4,265.
Alternative Strategy — Buy after an H1 close above 4,221, pending a successful retest confirmation.
Targets: 4,255–4,265, with a further target at 4,280.
Risk Level: If the 4,160 level is lost and not reclaimed, bullish momentum will weaken; the price could pull back to 4,140–4,150 and potentially head toward 4,112.
Bulls hold the advantage on the H1 timeframe. Waiting for a pullback or a breakout signal is recommended