Buyers Are Trying to Make a Comeback – But 458X ​​Resistance Is Still on the Way

Currently, gold prices have successfully broken through the downward trend line of the H1 framework, which indicates that buyers are starting to return to the market again.
However, the price is still approaching several strong resistance areas above, so there is still not enough evidence to suggest that a true reversal will occur.

personal vision

I still tend to look for buying scalping opportunities in areas of strong support while waiting for another selling opportunity when price retests important resistance areas.

Important areas of support:

4500 | 4480 | 4480 4460

If the market moves deeper → Interactions can be monitored in the following situations:

4420 | 4414

Important areas of resistance:

4560 | 4560 4580–4590 | 4610 | 4610 4660

If the current rally continues, these areas are likely to show strong reactions.

main idea

Low oil prices support gold price rebound
The H1 frame breaks the previous bearish trend line
But there is still strong resistance waiting for the price to peak

So currently:

Buy trading is still just short-term scalping
While the main priority for sell trades remains the larger trend

“Markets typically see their strongest rallies right before major resistance areas, where sentiment starts to return again.”

What’s your opinion?

Is this the start of a true reversal – or just one last bounce before gold prices continue to fall further? 🔥