sfhproptrading

🔥 Gold Breaking Higher — Continuation or Reversal Ahead?

Gold UPDATE TODAY ($XAUUSD) is trading around 5381, maintaining strong bullish momentum on both 4H and Daily timeframes. Price structure shows higher highs and higher lows, confirming an active uptrend.

📊 Current Price Structure (4H + Daily)

Daily: Clear bullish continuation after previous consolidation phase

4H: Strong impulsive move with minor pullbacks

Momentum remains bullish, but price is approaching a key resistance zone

🔺 Key Resistance Levels

5400 – Psychological resistance

5450 – 5500 – Major supply zone

Above 5500 → Potential expansion rally

🔻 Key Support Levels

5320 – Immediate intraday support

5250 – Strong structural support

5150 – Major swing support

🟢 Bullish Scenario

If price holds above 5320 and breaks 5400 with strong volume:

Next targets: 5450 → 5500

continuation pattern likely on 4H

Trend-following opportunities on pullbacks

Momentum favors buyers unless structure breaks.

🔴 Bearish Scenario

If price rejects from 5400 – 5450 zone:

Possible retracement toward 5320

Breakdown below 5250 may shift short-term bias bearish

Deeper correction could target 5150

Watch for rejection wicks and lower timeframe structure shift.

Short Trading Plan

✔ Wait for lower timeframe confirmation (M15 / H1) due to volatility spikes

✔ Buy on pullback near 5320 with bullish confirmation

✔ Sell only if 4H structure breaks below 5250

✔ Maintain strict 1–2% risk per trade

⚠️ Volatility remains elevated — avoid overleveraging.

⚠️ Risk Disclaimer

This content is for educational purposes only. Risk management is essential. Always trade with proper position sizing.

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Are you positioning for breakout continuation or preparing for a pullback?

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