From TradingView · · 1m 20s
Gold recovery tests resistance at 4328-4355
Gold bounced sharply from support but now faces a critical decision zone where sellers may return.
In brief
Gold bounced sharply from support but now faces a critical decision zone where sellers may return. Wait for confirmation above 4355 or rejection below 4290 before committing to a trade direction. Originally reported by TradingView.
Gold bounces from major support
Gold recovered strongly from the 4260-4280 support zone and pushed through 4290-4310, now trading around 4324 with improved hourly momentum.
Market structure remains mixed
Daily timeframe shows bearish correction, but hourly is bullish recovery. The key question is whether gold can hold above the 4310-4328 decision area.
Bullish case needs acceptance above 4340
If gold breaks and holds above 4328-4340, targets are 4340-4355, then 4380-4400, then 4415-4430. Acceptance above 4355 would signal meaningful recovery strength.
“A clean H1 break above 4340, followed by a successful retest, would strengthen the bullish continuation case.”
Bearish scenario if sellers defend 4328-4355
If gold fails to hold above 4310 after entering the 4328-4355 resistance zone, downside targets are 4290-4310, then 4260-4280, then 4230-4250.
“The cleaner bearish confirmation would therefore be: 4328, 4355 rejection → lose 4310 → lose 4290.”
Watch for liquidity sweeps
The morning rally grabbed liquidity above yesterday's highs around 4310-4320. A break above 4340 with a retest signals bullish acceptance, while a sweep above 4340 that falls back below 4328 signals a potential liquidity trap.
Current call: wait for confirmation
Gold has already rallied sharply from the 4270s to 4320s. Do not chase green candles. Wait to see if price holds 4290-4310 or breaks below 4260 to invalidate the recovery.
“Do not chase the green candles. Let price show us what happens around: 4328, 4355.”
The big picture
Wait for confirmation above 4355 or rejection below 4290 before committing to a trade direction.
