Gold Analysis - Key Levels for the Next Move

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Gold Analysis - Key Levels for the Next MoveGoldOANDA:XAUUSDSibiShGold remains in a bullish market structure after the confirmed trendline breakout but price is currently consolidating around 4120-4125 below the 4165 resistance. The recent pullback appears to be a healthy correction rather than a trend reversal with buyers still defending the 4105-4091 support area. If this support continues to hold gold could resume its upward move toward 4165 followed by 4211 and 4240. However a break below 4091 would signal a deeper correction toward 4050 before buyers may step in again. Trade Plan - Sell Setup Sell Zone: 4160-4180 Targets: 4120, 4105, 4091, 4050 Extended Target: 4040 (H1 Support) Invalidation: H4 close above 4211. A sustained break above this level would strengthen the bullish outlook and could open the door for a move toward 4240. Trade Plan - Buy Setup Buy Zone: 4091-4105 Targets: 4120, 4165, 4211, 4240 Extended Target: 4280 (Major Resistance) Invalidation: H4 close below 4050. A sustained break below this level would increase bearish momentum and could expose 4040 and 3980. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!