Gold (XAUUSD) on the 4H timeframe is currently trading inside a structured recovery after a strong downtrend.
š **Market Structure:**
ā¢ Price has formed higher lows indicating bullish strength
ā¢ Moving inside a rising channel
ā¢ TBS + BGST structure supporting upside momentum
—
š **Key Levels to Watch:**
š“ **Immediate Resistance:**
ā¢ 4730 (critical breakout level)
š **Upside Targets (if 4730 breaks):**
ā¢ 4850
ā¢ 5024
ā¢ 5200
š¢ **Support Zones:**
ā¢ 4580 (near-term support)
ā¢ 4380 (mid support)
ā¢ 4250 (major demand zone)
—
š **Trading Outlook:**
ā¢ If price **breaks and holds above 4730**, we can expect continuation towards **4850 ā 5024 ā 5200**
ā¢ If price **fails at 4730**, expect pullback towards **4580**, and deeper correction into **4380 ā 4250 zone**
—
š” **Strategy Insight (TBS Logic):**
When BGST approaches TBS ST / Parallel lines, it often signals:
ā¢ Profit booking zones
ā¢ Possible short-term reversals
Use this behavior to manage exits and trail profits effectively.
—
ā ļø **Disclaimer:**
This is for educational purposes only. Always trade with proper risk management.