GOLD INTRADAY ANALYSIS – DEC 29

Key Levels and Setup

🔑 KEY LEVELS

· Target: 4,580

· Pivot (Key Support/Entry Zone): 4,470

· Support: 4,428

📈 OUR PREFERENCE

Long positions above 4,470

· Primary Target: 4,550

· Extension Target: 4,580

The trade is valid as long as price holds above the pivot level. A break above 4,550 opens the path toward 4,580.

⬇️ ALTERNATIVE SCENARIO

Break below 4,470 shifts bias to bearish.

· Next Supports: 4,428, then 4,405

  A close below 4,470 suggests weakening momentum and could trigger a pullback toward the mentioned supports.

📊 TECHNICAL COMMENT

· RSI is showing mixed to bullish signals, supporting the case for upward momentum if the pivot holds.

· The structure remains constructive above 4,470, aligning with the near-term bullish outlook.

🧠 TRADE PLAN

1. Entry: Consider long entries on bullish reactions near 4,470, with a stop below 4,428.

2. Targets: Scale out at 4,550 and 4,580.

3. Invalidation: A sustained break below 4,470 negates the long setup and suggests a move toward 4,428/4,405.

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