Spot gold:


The gold price retraces to the trendline area. If it breaks through and then successfully retests—without failing to hold—it’s likely to rise.
Go long around 4055, with defense at 4048. Target 4075. If it breaks down, look for 4100$XAUUSD
XAUUSD1.57%
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BuffettDisciple
· 1h ago
There is definitely room for a long position here, but be careful of a false breakout.
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S2FDisciple
· 2h ago
From the 4-hour chart, this pullback is right at the Fibonacci 0.382 level, and it aligns with a trendline resonance, so the long setup is fine. However, the defense at 4048 is too tight—if you get stopped out and then it rallies, it would be awkward. It’s recommended to widen it to 4035. The target at 4075 is fine; if it breaks down, 4100 is also the prior high. The premise is that before the US session tonight, nothing unexpected data-related happens.
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StableBondTrader
· 3h ago
The support from the trendline looks pretty solid, but that long lower wick just now is a bit scary. If the close can hold above 4,050, I might follow in at the start.
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LiquidityCatcher
· 3h ago
Bro, from 4055 to 4075 there’s only about $20 of room—that risk-reward ratio is average. Better wait for a pullback to 4040 before entering.
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