Market Bias: Bullish with Short-Term Rejection Possibility
Key Levels to Watch:
Resistance Zone (H4 Fresh Supply)
3383 - 3386
- Price is approaching a fresh H4 resistance area.
- We are eyeing this zone for a potential short-term rejection or pullback, suitable for scalping short entries.
- However, this zone is not a confirmed reversal unless price gives clear bearish structure.
Support Zone (H4 Demand + Double Bottom)
3362.5 - 3359.5
- A solid H4 support base has formed here.
- Double bottom structure hints at strong bullish sentiment from buyers defending this area.
- If price returns to this zone, we anticipate potential buy entries as continuation of bullish trend.
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Gold-focused trader | Sharing smart money concepts, chart markups & trade ideas
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.