๐ฅ XAU/USD โ London Session Setup
GOLD $4,318 | 4H
๐ Structure: Bearish short-term โ price rejected the $4,390โ4,400 area and is forming lower highs. The latest 4H candle is testing $4,315.
๐ฏ Key levels for London:
๐ด Resistance: $4,340โ4,360
๐ด Major resistance: $4,380โ4,400
๐ข Support: $4,300โ4,315
๐ข Next support: $4,280โ4,260
โ๏ธ Trading plan:
LONG only if price reclaims $4,360 and holds โ targets $4,380 โ $4,400.
SHORT if price rejects $4,340โ4,360 โ targets $4,315 โ $4,300.
๐ป A clean break below $4,300 could expose $4,280โ4,260.
โ ๏ธ London open may bring a liquidity sweep first. Avoid chasing the first breakout; wait for confirmation/retest.
Macro backdrop is also worth watching: higher-for-longer U.S. rate expectations are currently weighing on gold.
Bias: ๐ Sell-the-rally below $4,360 | Bullish only after reclaim
๐TRADE $XAU HERE๐
GOLD $4,318 | 4H
๐ Structure: Bearish short-term โ price rejected the $4,390โ4,400 area and is forming lower highs. The latest 4H candle is testing $4,315.
๐ฏ Key levels for London:
๐ด Resistance: $4,340โ4,360
๐ด Major resistance: $4,380โ4,400
๐ข Support: $4,300โ4,315
๐ข Next support: $4,280โ4,260
โ๏ธ Trading plan:
LONG only if price reclaims $4,360 and holds โ targets $4,380 โ $4,400.
SHORT if price rejects $4,340โ4,360 โ targets $4,315 โ $4,300.
๐ป A clean break below $4,300 could expose $4,280โ4,260.
โ ๏ธ London open may bring a liquidity sweep first. Avoid chasing the first breakout; wait for confirmation/retest.
Macro backdrop is also worth watching: higher-for-longer U.S. rate expectations are currently weighing on gold.
Bias: ๐ Sell-the-rally below $4,360 | Bullish only after reclaim
๐TRADE $XAU HERE๐
