Gold has been in a bullish 4H uptrend, making higher highs and higher lows. Recent data show gold peaked near ~$3,445 on June 16 (a new all-time high) before pulling back toward the $3,400 area.
In other words, price action remains constructive: successive higher lows (around $3,372, $3,322) and higher highs (around $3,445) indicate a strong uptrend.
As long as each pullback holds above the prior swing low (so far ~$3,372), the bullish structure (Break-of-Structure, BOS) is intact.
A decisive drop below ~3,372 (and especially below ~$3,322) would violate that structure (a Change-of-Character, CHoCH) and open a deeper correction.
Market Structure & Bias (4H)
Bullish bias: Gold has made a series of higher lows and highs on 4H, confirming an uptrend
Technical indicators (RSI bullish, price above 200-SMA) and fundamentals (safe-haven demand) support this bias.
Caution near $3,400:
The key $3,400 zone has switched roles as resistance-turned-support. Holding above $3,400 keeps bulls in control, but failure to regain it could allow a deeper dip toward ~$3,350.
Break-of-Structure (BOS): A BOS (new 4H high) upholds the uptrend.
A CHoCH (e.g. a close below $3,372/$3,322) would signal a possible reversal
Key 4H Levels & Zones
Resistance/Supply: ~$3,445–3,450 (recent swing high); ~$3,500 (psychological/all-time level).
Price may stall or reverse near these supply zones.
Pivot/$3,400: ~3,400–3,413 zone – a critical pivot. Gold traded near $3,400 recently; a break above targets $3,450, while failure could drop to support.
Support/Demand Zones: ~$3,372 (prior 4H higher-low). Near ~$3,350–3,353 – the 61.8–78.6% Fibonacci retracement of the last rally and a “golden pocket” demand area. ~$3,322–3,328 – a strong 4H demand order-block where price held on the last pullback.
Finally ~$3,300 (major low below).
Order Blocks & Imbalances: Smart-money traders note a 4H demand block at $3,322–3,328 (the low of a large bullish candle).
A brief sweep above $3,338 (a liquidity grab) was followed by a clean bounce from this zone.
Any unfilled gaps (imbalances) near $3,380–3,400 may attract price back during retracements.
In summary, the 4H chart shows a bullish structure with key support at ~$3,372–3,350 (demand/Fib zone) and resistance around $3,445–3,500. As FXStreet notes, the uptrend remains “intact” on 4H as long as dips are bought.
However, traders should watch for any break below $3,372/$3,322, which would flag a bearish structure break.
Until then, the overall bias is bullish, favoring long entries on dips into the above support zones.
1H High-Probability Trade Setups (Bullish Bias)
Setup 1 – Buy on $3,400 pivot hold: Entry zone $3,390–3,400 (at/just above 4H pivot). Stop: ~$3,380 (just below pivot, ~$10 below entry). TPs: $3,420 and $3,450. Trigger: A bullish candlestick pattern or break-and-retest of ~$3,400 (e.g. bullish engulfing or hammer on 1H). Reason: The $3,400 level is a key 4H support/resistance flip.
Holding here would confirm the uptrend continuation, targeting the recent swing highs. A 1H bullish signal (like a reversal bar) gives a clear entry.
Setup 2 – Buy on deep pullback: Entry zone $3,370–3,380 (around 4H higher-low). Stop: $3,360. TPs: $3,400 (the pivot) and $3,420. Trigger: A strong 1H bullish candle or double-bottom forming near zone. Reason: This area lines up with the 4H demand/Fib zone ($3,350–3,372).
It represents a higher-low in the 4H structure. A bounce here would signal buyers stepping in at a key support.
Setup 3 – Buy after breakout of $3,445: Entry zone $3,450–3,455 (above recent high). Stop: ~$3,440. TPs: $3,480 and $3,500. Trigger: A clean 1H candle close above $3,445 (breakout) and retest. Reason: A push above $3,445 (June high) would form a new 4H BOS, suggesting continued momentum. Buying on the breakout retest captures follow-through to the next targets.
(Each setup uses a small $~10 stop relative to gold’s price. Always wait for the specified trigger pattern before entering.)
Takeaway:
On the 4H chart, gold remains bullish while above ~$3,372/$3,350. Key zones to watch are $3,372–3,350 (buy zone) and $3,400–3,445 (sell/resistance). For now, favor long entries into support, and confirm with clear 1H signals before trading.
In other words, price action remains constructive: successive higher lows (around $3,372, $3,322) and higher highs (around $3,445) indicate a strong uptrend.
As long as each pullback holds above the prior swing low (so far ~$3,372), the bullish structure (Break-of-Structure, BOS) is intact.
A decisive drop below ~3,372 (and especially below ~$3,322) would violate that structure (a Change-of-Character, CHoCH) and open a deeper correction.
Market Structure & Bias (4H)
Bullish bias: Gold has made a series of higher lows and highs on 4H, confirming an uptrend
Technical indicators (RSI bullish, price above 200-SMA) and fundamentals (safe-haven demand) support this bias.
Caution near $3,400:
The key $3,400 zone has switched roles as resistance-turned-support. Holding above $3,400 keeps bulls in control, but failure to regain it could allow a deeper dip toward ~$3,350.
Break-of-Structure (BOS): A BOS (new 4H high) upholds the uptrend.
A CHoCH (e.g. a close below $3,372/$3,322) would signal a possible reversal
Key 4H Levels & Zones
Resistance/Supply: ~$3,445–3,450 (recent swing high); ~$3,500 (psychological/all-time level).
Price may stall or reverse near these supply zones.
Pivot/$3,400: ~3,400–3,413 zone – a critical pivot. Gold traded near $3,400 recently; a break above targets $3,450, while failure could drop to support.
Support/Demand Zones: ~$3,372 (prior 4H higher-low). Near ~$3,350–3,353 – the 61.8–78.6% Fibonacci retracement of the last rally and a “golden pocket” demand area. ~$3,322–3,328 – a strong 4H demand order-block where price held on the last pullback.
Finally ~$3,300 (major low below).
Order Blocks & Imbalances: Smart-money traders note a 4H demand block at $3,322–3,328 (the low of a large bullish candle).
A brief sweep above $3,338 (a liquidity grab) was followed by a clean bounce from this zone.
Any unfilled gaps (imbalances) near $3,380–3,400 may attract price back during retracements.
In summary, the 4H chart shows a bullish structure with key support at ~$3,372–3,350 (demand/Fib zone) and resistance around $3,445–3,500. As FXStreet notes, the uptrend remains “intact” on 4H as long as dips are bought.
However, traders should watch for any break below $3,372/$3,322, which would flag a bearish structure break.
Until then, the overall bias is bullish, favoring long entries on dips into the above support zones.
1H High-Probability Trade Setups (Bullish Bias)
Setup 1 – Buy on $3,400 pivot hold: Entry zone $3,390–3,400 (at/just above 4H pivot). Stop: ~$3,380 (just below pivot, ~$10 below entry). TPs: $3,420 and $3,450. Trigger: A bullish candlestick pattern or break-and-retest of ~$3,400 (e.g. bullish engulfing or hammer on 1H). Reason: The $3,400 level is a key 4H support/resistance flip.
Holding here would confirm the uptrend continuation, targeting the recent swing highs. A 1H bullish signal (like a reversal bar) gives a clear entry.
Setup 2 – Buy on deep pullback: Entry zone $3,370–3,380 (around 4H higher-low). Stop: $3,360. TPs: $3,400 (the pivot) and $3,420. Trigger: A strong 1H bullish candle or double-bottom forming near zone. Reason: This area lines up with the 4H demand/Fib zone ($3,350–3,372).
It represents a higher-low in the 4H structure. A bounce here would signal buyers stepping in at a key support.
Setup 3 – Buy after breakout of $3,445: Entry zone $3,450–3,455 (above recent high). Stop: ~$3,440. TPs: $3,480 and $3,500. Trigger: A clean 1H candle close above $3,445 (breakout) and retest. Reason: A push above $3,445 (June high) would form a new 4H BOS, suggesting continued momentum. Buying on the breakout retest captures follow-through to the next targets.
(Each setup uses a small $~10 stop relative to gold’s price. Always wait for the specified trigger pattern before entering.)
Takeaway:
On the 4H chart, gold remains bullish while above ~$3,372/$3,350. Key zones to watch are $3,372–3,350 (buy zone) and $3,400–3,445 (sell/resistance). For now, favor long entries into support, and confirm with clear 1H signals before trading.
Note
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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.