The 1H chart shows a strong recovery from the 4,280–4,300 low, with Gold reclaiming the 9 EMA (~4,407) and forming a sequence of higher highs and higher lows. Short-term momentum has shifted bullish, but price is now approaching an important resistance area.
📊 Key Levels
Current Price: ~4,431
9 EMA: ~4,407
Immediate Resistance: 4,445–4,450
Major Resistance / FVG: 4,485–4,520
Near Support / FVG: 4,350–4,375
Major Support / FVG: 4,315–4,330
Major Swing Low: 4,280
🟢 Bullish Scenario
As long as Gold holds above the 4,400–4,407 area, the current recovery remains intact. A clean break above 4,450 could open the way toward the 4,485–4,520 FVG.
However, the 4,450–4,520 region is a strong supply/resistance area, so rejection from this zone could trigger a pullback toward the lower FVGs.
🎯 Preferred Setup
Bullish above 4,400 → Break/Rejection around 4,450 → Watch 4,485–4,520 → Potential pullback toward 4,350–4,375.
⚠️ Invalidation
A sustained 1H close below 4,350 would weaken the bullish recovery and increase the probability of a deeper retracement toward 4,315–4,330.
Market Bias: Short-term Bullish, but approaching major resistance.