Gold Analysis: Uptrend Intact, Market Extended Near Resistance

XAUUSD - Analysis

Trends:

* Weekly: strong bullish

* Daily: bullish continuation

* 4H: strong upward push, no major weakness

* 1H / 15M: price is moving sideways after a sharp rise

Overall direction is UP, but price is currently extended.

Support & Resistance:

Resistance: 4875 – 4885 (recent highs)

Supports:

* 4850 – 4840

* 4820 – 4800

* 4760 – 4750

Insights:

* Do NOT chase buys at current highs.

* Market has already moved fast → risk of pullback or sideways.

* Best trades now are pullback buys, not breakout buys.

Scalp Plan A (Preferred)

* BUY near: 4850

* SL: 4800

* TP1: 4900

* TP2: 4950 (optional if momentum continues)

Scalp Plan B (Only if rejection seen)

* SELL near: 4880–4890

* SL: 4930

* TP: 4830–4820

* (Short is counter-trend → quick in, quick out only)

Final Bias:

* Primary bias: BUY on dips

* Avoid: buying at highs

* Shorts: only very fast scalps with clear rejection

#gold#