t>

Gold/USD (XAUUSD) on the 4-hour time frame


Gold/USD (XAUUSD) on the 4-hour time frame

gold OANDA:XAUUSD



Gold continues to trade within an organized bullish structure on the four-hour frame. Price action is holding higher highs and lower lows supported by continued buying pressure at the trendline.

The area near 4533 is currently a short-term decision-making area. A healthy correction is likely in the 4510-4490 support area, which follows strong demand and structural support. If the bullish momentum persists, this area may attract buyers again.

As long as the price remains above the main support area and the ascending structure is not broken, the trend towards 4600 remains valid from a technical perspective. Temporary adjustments are a normal part of market volatility.

Reliance on price movement confirmation and risk management remains critical. This analysis is purely technical.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *