Gold has shown a strong recovery from the 4,000 support zone, with buyers stepping back into the market. The recent bullish momentum has pushed price toward a key resistance area, making the next reaction crucial for direction.
1H Timeframe📈 Market structure is improving after the rebound from support.Resistance: 4,280 – 4,300Major Resistance: 4,380 – 4,400Support: 4,099Major Support: 4,000 – 4,020A sustained move above resistance could open the path toward higher levels, while rejection may lead to a pullback.
15M Timeframe📊 Strong intraday bullish momentum.Price is trading above key support.Pullbacks may offer opportunities if bullish structure remains intact.Watch for confirmation before entering positions.
Trading Approach✅ Buy on pullbacks into support with bullish confirmation.🛑 Stop Loss: Below recent swing low.🎯 Target 1: Nearest resistance.🎯 Target 2: Higher timeframe resistance zone.Market OutlookHigher timeframe recovery and lower timeframe momentum currently favor buyers.
However, resistance remains the key area to watch for confirmation.Trade the trend. Manage risk. Stay disciplined.This analysis is for educational purposes only and not financial advice.
