Gold is stabilizing around 4,457 after a sharp decline, but the market still lacks strong bullish confirmation. The 4,440–4,425 support area is currently the most important zone on the chart.
Buy Setup
Entry: 4,440–4,425 support hold
SL: below 4,415
TP1: 4,475
TP2: 4,500
TP3: 4,550
Sell Setup
Entry: H4 close below 4,425
SL: above 4,450
TP1: 4,400
TP2: 4,375
For now, I prefer waiting for confirmation around support rather than chasing price in either direction.
Buy Setup
Entry: 4,440–4,425 support hold
SL: below 4,415
TP1: 4,475
TP2: 4,500
TP3: 4,550
Sell Setup
Entry: H4 close below 4,425
SL: above 4,450
TP1: 4,400
TP2: 4,375
For now, I prefer waiting for confirmation around support rather than chasing price in either direction.
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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.
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.
