Gold is consolidating above the $4,320–4,330 area after a strong recovery from recent lows. The move does not look overheated yet, which suggests buyers may still be building positions before another push higher.
As long as the $4,300 area holds, the short-term bias remains constructive. A continuation move could take XAUUSD toward $4,360 first, followed by $4,380–4,400.
Trade Setup:
Buy Zone: $4,320 – $4,330
Stop Loss: $4,295
Take Profit 1: $4,360
Take Profit 2: $4,380
Take Profit 3: $4,400
As long as the $4,300 area holds, the short-term bias remains constructive. A continuation move could take XAUUSD toward $4,360 first, followed by $4,380–4,400.
Trade Setup:
Buy Zone: $4,320 – $4,330
Stop Loss: $4,295
Take Profit 1: $4,360
Take Profit 2: $4,380
Take Profit 3: $4,400
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Related publications
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.