Weekly Gold (XAUUSD) Analysis: Bullish Structure vs Resistance
Weekly Gold (XAUUSD) Analysis: Bullish Structure vs Resistance
Gold maintains its bullish structure on the four-hour (H4) timeframe. However, the price now approaches a premium zone, signaling a potential reversal. For the upcoming week, I avoid impulsive trades and wait for the market to confirm its reaction at key levels.
Key Insights for Gold Analysis
My trading strategy relies on clearly defined key levels:
- Above 4318: The bullish structure remains valid.
- Below 4318: A bearish correction becomes more likely.
- 4430 – 4460 Zone: The primary resistance and potential sell area.
Bullish Scenario: Buying the Dip
The bullish trend remains dominant following multiple Break of Structure (BOS) events. If Gold pulls back toward the 4350-4375 range and confirms bullish momentum on the H4 timeframe, I will initiate a long position.
- Buy Entry: 4350 – 4375
- Stop Loss: 4315
- Take Profit Targets: 4401, 4430, and 4460
Bearish Scenario: Selling at Resistance
The 4430-4460 zone represents the most critical resistance. If the price reaches this area but fails to break through, showing signs of a bearish reversal, I will look for selling opportunities.
- Sell Entry: 4430 – 4455
- Stop Loss: 4475
- Take Profit Targets: 4401, 4377, and 4318
Weekly Roadmap
I anticipate a price correction followed by another attempt to reach the premium 4430-4460 area. Key priorities include maintaining 4318 for buy setups and seeking sell confirmation at the resistance zone.
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