TVC: GOLD Gold Update by MR_gold2 — TradingView

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Comprehensive Gold Analysis – 4 Hour Frame

1️⃣Technical analysis

• Prices have been trading within a clear ascending channel since early November.
• Currently testing the mid-channel limit after a series of horizontal spikes between 4208 – 4228.
• A break below 4185 indicates initial weakness and a possible drop to the support area of ​​4155 – 4130.

2️⃣ Wave analysis

• The current wave is within a rising sub-wave (C) within the larger wave 3).
• Wave scene:
◦ If the price remains above 4185 points, it will continue to rise.
◦ Breakout of 4185 = Second downward corrective wave towards 4135 – 4105 (Wave 4).
•

3️⃣Time analysis

• We have a short up cycle that ends within 24-36 hours.
• When the cycle ends, a rapid correction may begin before regrouping and rising higher.

4️⃣ Digital Analysis

• The strongest rebound numbers occurred in:
○ 4185
○ 4158
○ 4132
○ 4107
•
• Bullish impulse numbers:
○ 4228
◦ 4250
○ 4290
•

5️⃣Fundamental analysis

• Markets calm ahead of next week’s news releases (CPI + FOMC).
• Gold is in an overall bullish trend for the following reasons:
◦ Weak dollar.
◦ Interest rate cut expectations in 2025.
Geopolitical tensions have increased.
•

6️⃣ Price Action

• A rejection candle at 4208 – 4220 confirms the presence of sellers.
• Flat top + rising bottom pattern indicates buying pressure, but needs to stabilize above 4208.

7️⃣ Support

• First Support: 4185
• Second support: 4158
• Third and strongest support level: 4130 – 4105
•Ultimate support: 4060

8️⃣ Resistor

• First resistance level: 4208
• Second resistance level: 4228
• Third resistance level: 4250
• Maximum resistance level: 4300 – 4320

9️⃣ Supply and demand areas

• Strong demand zone: 4158 – 4135
• Average required area: 4185
• Powerful display area: 4228 – 4250
• Critical latitude area: 4300 – 4320

🔟Installation points

• Current axial installation area: 4200
• Losing it will force the price downward to test 4185.

1️⃣1️⃣ POC

• Most important pivot point: 4185
• Stability above it = rise
• Breaking it = continuation of corrective decline

✅Currently recommended

Looking for promotions to buy yesterday

🔹Purchase: 4205-4195
🔹Close position and stop loss: 4185
🔹First target: 4208
🔹Second goal: 4218
🔹Third goal: 4227
Fourth goal: 4235
Far target 4260

Sell ​​scenario (an alternative if the rally fails)

If price breaks above 4185 on the 4 hour candle:
🔹Sell below 4185
🔹SL：4200
🔹TP1：4175
🔹TP2：4158
🔹TP3：4118

The display area can also monitor 4225-42335
You can get a strong sales rebound from
Towards 4160

🎯
in conclusion

• Gold is currently in good buying support territory, provided that 4185 is not breached.
• If it falls to the 4135-4160 area, the best actual trades will occur in this area.
• The 4228-4250 area will determine whether gold prices continue towards 4300 or fall
Important tips
We do not provide you with financial and investment advice
Instead, we provide you with scientific and educational content
You are the only one responsible for pressing the buy and sell buttons

analyst
Engineer Ihab
Sayed Al-Dhahab Telegram Channel