🔥 GOLD + DXY | LONDON OPEN 🇬🇧
🥇XAUUSD 4H: $4,113.87 | −0.18%
💸DXY Daily: 101.55 | −0.12%
📊 Market read: Gold is holding near $4,114, just below $4,120, after rebounding from around $3,880. The 4H chart still shows lower highs, so this looks like a recovery attempt—not a confirmed breakout. For now, price is trading between $4,112 and $4,126.
💵 The dollar remains a key factor. DXY is at 101.55, below 101.70. If it stays below that level, gold may get room to test $4,126. A move back above 101.70 could put pressure on the recovery.
🎯 Gold levels to watch
🔴 Resistance: $4,126 / $4,150 / $4,175
🟢 Support: $4,112 / $4,100 / $4,050
🟩 Bullish setup: A 4H hold above $4,112 and close above $4,126, with DXY below 101.70, could open the way to $4,150 and $4,175.
🟥 Bearish setup: Rejection around $4,126–$4,150, alongside DXY reclaiming 101.70 and pushing toward 102.00, could bring $4,100 and $4,050 back into view.
⚠️ $4,120 is the pivot. Avoid chasing the middle of the $4,112–$4,126 range; wait for confirmation and manage risk carefully.
👉TRADE $XAU HERE👇
🥇XAUUSD 4H: $4,113.87 | −0.18%
💸DXY Daily: 101.55 | −0.12%
📊 Market read: Gold is holding near $4,114, just below $4,120, after rebounding from around $3,880. The 4H chart still shows lower highs, so this looks like a recovery attempt—not a confirmed breakout. For now, price is trading between $4,112 and $4,126.
💵 The dollar remains a key factor. DXY is at 101.55, below 101.70. If it stays below that level, gold may get room to test $4,126. A move back above 101.70 could put pressure on the recovery.
🎯 Gold levels to watch
🔴 Resistance: $4,126 / $4,150 / $4,175
🟢 Support: $4,112 / $4,100 / $4,050
🟩 Bullish setup: A 4H hold above $4,112 and close above $4,126, with DXY below 101.70, could open the way to $4,150 and $4,175.
🟥 Bearish setup: Rejection around $4,126–$4,150, alongside DXY reclaiming 101.70 and pushing toward 102.00, could bring $4,100 and $4,050 back into view.
⚠️ $4,120 is the pivot. Avoid chasing the middle of the $4,112–$4,126 range; wait for confirmation and manage risk carefully.
👉TRADE $XAU HERE👇
