Gold 1H: Rally into 4148-4156 swing highs, a break confirms

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Gold 1H: Rally into 4148-4156 swing highs, a break confirmsGold FuturesCOMEX_DL:GC1!CFlo17Gold opened the week with a 69-point push from 4074.3 to 4143.3 and is holding near 4129, just under the 4147.7-4155.8 swing highs. A clean break there makes a higher high off the 3879 low; a rejection puts the 4082-4108 gap back in play. Market structure Daily is below the 50D (4219.8) and 200D (4497.9) but back above the 20D (4079). 1H: 3879.3 low, 4155.8 high, 4035.1 higher low on Friday, now pressing back up. Sunday's open left a bullish FVG at 4082.2-4107.8. Key levels Resistance: 4143.3 ON high, 4147.7-4155.8 swing highs, 4200-4219.8 round number / 50D Support: 4116.2 Fri high, 4082.2-4107.8 bull FVG, 4079.5 settle, 4062.5 ON low, 4035.1-4050 Fri low / VAL Bull case Hold above 4107.8 and break 4155.8 Targets: 4200, 4219.8 Invalidated by a 1H close below 4082.2 Bear case Rejection under 4155.8 and a loss of 4107.8 Targets: 4079.5, 4062.5 Invalidated by a break above 4155.8 My chart runs on delayed data, so prices may lag live. This is my read of the chart, not financial advice.