Gold 4H: My Long Setup Failed, Now $4,300 Is Resistance

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Gold 4H: My Long Setup Failed, Now $4,300 Is ResistanceGOLD (US$/OZ)TVC:GOLDSakuraSeikoThis is the next entry in my KCGI Trading Manual, where I’m continuously documenting my trades, reviewing mistakes, and improving the process My previous Gold setup was bullish. I was looking for an entry around $4,350, with $4,415 as the first target and $4,308 as the invalidation level. Okay, looks like bad luck, this failed.Gold rejected the higher levels and broke below $4,308. On the latest 4H chart, price is around $4,272, so I’ve now shifted my bias bearish. To summarize my mistakes,The biggest mistake was execution. I identified $4,415 as the bullish confirmation level, but then entered around $4,350 before that confirmation happened and treated $4,415 as my take-profit. Those two ideas were contradictory. So, everyone, this is a simple lesson. if a level is my confirmation level, I shouldn’t enter before confirmation simply because the risk/reward looks attractive. As for now My current bias is bearish below $4,300. I’m not chasing the move lower around $4,272. Instead, I want to see whether Gold can retest $4,290–$4,300 and reject that horizontal resistance. If it does, that would be my preferred short setup. If Gold reclaims $4,300 but remains below $4,350, I’ll reassess rather than automatically flip bullish. A sustained move above $4,375 would invalidate this bearish thesis. Another improvement to my process is adding ADP + NY Fed Manufacturing to the setup. I’ll use these data points to evaluate changes in growth, employment and Fed-rate expectations, then compare them with US 2Y/10Y yields and DXY. In addition, we can also learn from BTC and ETH remain secondary comparisons. If Gold, BTC and ETH all weaken together, I’ll consider the broader risk/liquidity environment. If Gold weakens while BTC and ETH remain strong, I’ll focus more heavily on the rates and dollar explanation.