"Will Gold Hold Strong at 2493? Major Market Moves Ahead on

1 wrz

#XAUUSD Analysis: 4-Hour Higher Time Frame Chart

📊 Key Support Level: 2493

The 2493 level has proven to be a strong support zone, holding off the gold price decline 2-3 times.
Bullish Outlook: As long as gold maintains support at this level, we remain bullish.
🛑 Bearish Trigger: A 4-hour bearish candle closing below 2493 could signal a potential sell-off towards 2462-2451.



📉 Previous Week Insights
2464-2451 We previously marked this area as a high-probability buy zone.
This level aligns with the trendline liquidity, sitting just above the 0.50% Fibonacci retracement level and within a 4-hour order block.
🚀 Potential Upmove: If price shows rejection at this level, it could lead to a strong buy opportunity, targeting an upmove of 150-250 pips.
🔒 Risk Management: A stop loss around 2450 is advisable. However, I recommend entering only after clear rejection and confirmation.

🎯 Scenario 2: Bullish Breakout

Once the price successfully close above the 2527.20 And #H4 gives Bulllsh closing above this area, we anticipate a strong buying opportunity, targeting a new lifetime high around 2573.

3 wrz

Transakcja zamknięta: osiągnięto wyznaczony cel

As Expected Price Made Low Of 2473 After Breaking 2493 level