$XAUT / Gold Update - 4H Structure Breaking?
Previous support $4150 now acting as resistance. Gold took support near $4110-$4112 today (Day Low $4111.68).
Current Scenario:
Price trading at $4118, below MA25 & MA99 (as seen in 1H chart). Bears in control for now.
Key Levels to Watch (5PM-9PM PKT 4H Candle):
1. If 4H closes ABOVE $4150-$4155 -> Bullish reversal active. Targets: $4188-$4192 then $4225 (previous resistance levels)
2. If $4110 breaks -> More downside towards $4070-$4080 possible.
Waiting for 5PM-9PM PKT 4H candle close for confirmation. No FOMO.
Not financial advice. DYOR.
#GOLD #XAUUSD #goldanalysis #TRADINGVIEW🔥🔥🔥 #MarketUpdates"
Previous support $4150 now acting as resistance. Gold took support near $4110-$4112 today (Day Low $4111.68).
Current Scenario:
Price trading at $4118, below MA25 & MA99 (as seen in 1H chart). Bears in control for now.
Key Levels to Watch (5PM-9PM PKT 4H Candle):
1. If 4H closes ABOVE $4150-$4155 -> Bullish reversal active. Targets: $4188-$4192 then $4225 (previous resistance levels)
2. If $4110 breaks -> More downside towards $4070-$4080 possible.
Waiting for 5PM-9PM PKT 4H candle close for confirmation. No FOMO.
Not financial advice. DYOR.
#GOLD #XAUUSD #goldanalysis #TRADINGVIEW🔥🔥🔥 #MarketUpdates"