XAUUSD (Gold) 4H Analysis: Rising Wedge Formation Signals Major Breakout or Breakdown

🔍 Market Overview

On the 4H timeframe, XAUUSD has shown a strong bullish impulse followed by consolidation. Price action has formed a rising wedge, which is typically a reversal or breakout-sensitive pattern.

Currently, price is trading around 4329, reacting near a key supply/resistance zone (blue area). This makes the current zone extremely important for both buyers and sellers. So, start today with Pipze, global traders open an account for currency exchange trading.

📈 Technical Structure Breakdown

🔹 Pattern Identified:

Rising Wedge
Price is making higher lows but struggling near resistance
Indicates potential breakout (continuation) or breakdown (correction)

🔹 Key Levels:

Major Resistance: 4350 – 4365
Immediate Support (Wedge): 4300 – 4285
Strong Demand Zone: 4180 – 4200
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✅ BUY Trade Plan (Bullish Scenario)

📌 Condition:
Only enter BUY if price breaks and closes above 4360 on 4H

Buy Entry: Above 4360
Stop Loss: 4295
Target 1: 4420
Target 2: 4500 – 4520
Extended Target: 4503 (as shown on chart)

📈 Logic:
A confirmed breakout above the wedge and resistance zone can attract fresh institutional buying and momentum traders, pushing gold into a strong upside expansion.

❌ SELL Trade Plan (Bearish Scenario)

📌 Condition:
SELL only if price breaks below wedge support and 4280

Sell Entry: Below 4280
Stop Loss: 4355
Target 1: 4220
Target 2: 4180 (major support)
Extended Target: 4150 (if momentum increases)

📉 Logic:
A breakdown of the rising wedge often results in fast and aggressive selling, especially after prolonged consolidation near resistance.

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