#GOLD BULLS ARE FIGHTING BACK ... $4,200 NEXT?
$XAU has bounced strongly from the $4,080 area toward $4,160, and buyers are trying to regain control.
LONG TRADE IDEA
Entry Zone: $4,145–$4,160
TP1: $4,180
TP2: $4,200
TP3: $4,220
Stop Loss: $4,125
I'm watching for bullish continuation as long as price holds above $4,140. The key level to watch is $4,168 resistance. A clean breakout above this zone could give buyers the momentum needed to push toward $4,200 and beyond.
I don't want to chase the move without confirmation. If price loses $4,125, this bullish setup is invalidated.
Can GOLD break resistance and make another push toward $4,220, or will sellers step in again?
$XAU has bounced strongly from the $4,080 area toward $4,160, and buyers are trying to regain control.
LONG TRADE IDEA
Entry Zone: $4,145–$4,160
TP1: $4,180
TP2: $4,200
TP3: $4,220
Stop Loss: $4,125
I'm watching for bullish continuation as long as price holds above $4,140. The key level to watch is $4,168 resistance. A clean breakout above this zone could give buyers the momentum needed to push toward $4,200 and beyond.
I don't want to chase the move without confirmation. If price loses $4,125, this bullish setup is invalidated.
Can GOLD break resistance and make another push toward $4,220, or will sellers step in again?