XAUUSD is gearing up for a potential bullish run on the 4-hour chart, with an entry zone between 3315-3325 near a key support level and rising trendline.Targets at 3390-3400 align with the next resistance zone, offering a strong upside move. Set a stop loss below 3300 on a daily close to manage risk effectively.
Following the previous analysis, it’s wise to risk-free your gold position and wait for this new entry point.
A break above 3330 with solid volume could trigger this surge, fueled by USD weakness and gold demand. Keep an eye on upcoming economic data as a catalyst.
Ready to ride this gold wave? Share your thoughts below!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.