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✅ On the 4-hour frame (4H):
Gold has made a strong move higher, with a strong bullish candle directly breaking through the resistance levels 4103-4105, and the price rising to around 4125, which is considered a real breakthrough and not a false breakout.
at the same time:
Gold has made a strong move higher, with a strong bullish candle directly breaking through the resistance levels 4103-4105, and the price rising to around 4125, which is considered a real breakthrough and not a false breakout.
at the same time:
The intersection of moving averages MA5 and MA10 is upward,
Price is trading above all moving averages,
Strong bullish candles show clear control from buyers.
✅ On one hour (1H) frame:
A strong bullish candle broke above the 4101-4103 levels, the price moved up to 4125, and then started forming a series of small candles, which is considered a high consolidation pattern after a strong uptrend.
This suggests bullish momentum continues, along with some profit-taking.
The moving averages are also aligned upwards, with MA5, MA10, and MA20 in clear bullish spreads, and price is above all averages – a classic example of a strong uptrend.
🔴Resistance area:
4128–4130 / 4135–4142
🟢Support areas:
4110–4103 / 4085–4075
✅ Trading strategy suggestions
🟠Basic plan: Buy the dip (trend following strategy)
Support area: 4103–4110
🔰 If the price returns to this area and stabilizes, consider a buy trade.
Targets: 4125 – 4135 – 4142
Stop loss: below 4095
🔴Secondary Plan: Sell at extremely high prices (only for aggressive traders)
🔰 If gold reaches 4130-4140 and a clear rejection signal appears (such as a long upper tail or a bearish reversal pattern), a short-term selling opportunity may arise.
Target: 4115 – 4105
Stop loss: up to 4148
✅ Conclusion
After breaking through the 4-hour resistance, gold prices entered a strong bull market stage, but as the price broke above the upper Bollinger Band, there may be a brief correction or consolidation before the next rise resumes.
🔥 Important reminder:
Trading strategies are time sensitive and market conditions can change rapidly. Please adjust your plans based on real-time market movements.
