Gold continues to trade within an ascending channel on the 4H chart. After a local high, the price pulled back and is now approaching the key zone at 3333–3335. This area lines up with the 0.79 Fib retracement, the lower channel boundary, and a major volume cluster — a classic confluence zone.
If buyers show up here and we get a bullish reversal candle, this becomes a valid long setup with a tight stop just below the level. First target is 3373 (0.5 Fib), followed by a potential retest of the high near 3439.
The structure remains intact, the pullback is orderly, and volume supports the move. As long as the channel holds - the bias stays bullish.
If buyers show up here and we get a bullish reversal candle, this becomes a valid long setup with a tight stop just below the level. First target is 3373 (0.5 Fib), followed by a potential retest of the high near 3439.
The structure remains intact, the pullback is orderly, and volume supports the move. As long as the channel holds - the bias stays bullish.
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👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
🔗 Сайт totoshkatrades.com
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
🔗 Сайт totoshkatrades.com
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.