BULLISH TREND REMAINS – WAIT FOR THE PULLBACK
Gold remains in a strong bullish trend, with buyers maintaining full control after breaking above previous resistance. Price is now consolidating just below the 4300 psychological resistance, suggesting a potential continuation once the market completes a healthy pullback.
The preferred approach is still buying the retracement, not chasing the breakout.
🟢 Primary Scenario – Buy the Pullback
Allow price to retrace into support before looking for bullish confirmation.
Buy Zone 1: 4245 – 4250 (first support)
Buy Zone 2: 4190 – 4195 (major demand zone)
Target 1: 4300
Target 2: 4325 – 4330
🔴 Alternative Scenario
If gold fails to hold above 4245, a deeper correction toward 4190 becomes likely. However, as long as 4190 remains intact, the broader bullish structure is still valid.
📌 Key Levels
🔹 4300 → Psychological resistance and breakout level.
🔹 4325 – 4330 → Next bullish target.
🔹 4245 – 4250 → Preferred buy-on-dip zone.
🔹 4190 – 4195 → Strong demand and trend support.
📊 Session Bias
Bullish
Momentum remains firmly with buyers. Rather than chasing price into resistance, wait for a controlled pullback into support and trade with the prevailing trend.
The trend is your edge—discipline is waiting for the pullback.