GOLD 3H: Buyers Are Defending Support — But Bulls Need Confirmation
$XAU has bounced from the 4,113–4,125 support zone, with price near 4,136. Buyers are stepping in, but descending resistance remains a challenge.
📈 Bullish trigger: A 3H close above 4,145–4,150, followed by a successful retest, could open the way toward 4,175–4,180.
📉 Bearish risk: Losing 4,113 could bring the 4,076–4,088 demand zone back into focus.
I’m watching the breakout confirmation rather than chasing the bounce. The next reaction around resistance could determine the short-term direction.
#Gold #XAUUSD #TechnicalAnalysis #TradingView
$XAU has bounced from the 4,113–4,125 support zone, with price near 4,136. Buyers are stepping in, but descending resistance remains a challenge.
📈 Bullish trigger: A 3H close above 4,145–4,150, followed by a successful retest, could open the way toward 4,175–4,180.
📉 Bearish risk: Losing 4,113 could bring the 4,076–4,088 demand zone back into focus.
I’m watching the breakout confirmation rather than chasing the bounce. The next reaction around resistance could determine the short-term direction.
#Gold #XAUUSD #TechnicalAnalysis #TradingView