Gold Spot / U.S. Dollar
Long
Updated

XAUUSD (Gold) โ€“ 4H Chart Outlook

821
๐Ÿ“ˆ XAUUSD (Gold) โ€“ 4H Chart Outlook

Timeframe: 4H
Current Price: ~$3,343
Bias: Bullish Reversal Expected

๐Ÿ” Key Technical Zones:

๐ŸŸฅ Support Areas:

Primary Support Zone:
๐Ÿ“ 3,315 โ€“ 3,330

Price is currently reacting near this area.

Previously acted as a demand zone and bounce point.


Deeper Support Area (Secondary):
๐Ÿ“ 3,280 โ€“ 3,300

Stronger demand area if price breaks below the primary support.



๐ŸŸง Resistance Zone (Retest Pending):

๐Ÿ“ 3,360 โ€“ 3,380

Price previously broke down from here.
Expected to be retested as resistance during the bullish move.


๐ŸŸฉ Target Area (Main Take-Profit Zone):
๐Ÿ“ 3,396.89

Marked as the main bullish objective.

Near previous highs and a fair value gap (FVG) area mentioned on the chart.


๐Ÿงญ Expected Price Path:

Price may:
1. Bounce from current support zone.

2. Form a bullish structure (higher highs & lows).


3. Retest resistance zone (~3,360โ€“3,380).


4. Continue toward the final target around 3,396.89.



โœ… Summary:

Setup Type: Bullish Reversal from Demand Zone

Conditions for Entry: Bullish confirmation near 3,315โ€“3,330

First Obstacle: Resistance near 3,380

Final Target: 3,396.89


Would you like me to write a idea title and description for this analysis or turn it into a trading plan (entry, SL, TP)?
Trade active
Price Falls to Deeper Support as I identify we are looking forward to the given resistance price is already bounce from support if price reject the resistance target will be more easier to hit ๐ŸŽฏ
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