Gold is locked and loaded! A 4H breakout this week could unleash

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Gold Analysis & Trading Plan – First Week of August

Overall Outlook:
Gold is currently consolidating between key levels. A breakout above resistance or a breakdown below support will determine the next move.




Bullish Scenario (LONG Setup)
• Condition: 4H candle closes above 3364
• Targets:
• First target: 3373
• Second target: 3382
• If 4H closes above 3382, extended targets will be:
• 3392
• 3400
• 3422



Bearish Scenario (SHORT Setup)
• Condition: 4H candle closes below 3353
• Targets:
• 3333
• 3329
• If 4H closes below 3329, extended targets will be:
• 3319
• 3313
• 3308



Key Notes
• Focus on intraday trading between these weekly levels as long as price remains within the range.
• Always apply strict risk management.

Penafian

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