GOLD ($XAU ) Update: Breakout After Impulse 📈
Gold showed a strong bullish impulse and is now consolidating around 4,679 after reaching 4,690.
Right now the market is in a pause / compression phase — usually before the next expansion.
Key levels to watch
✅ Resistance: 4,690 – 4,702
✅ Support: 4,672 – 4,662
Scenario 1 — LONG setup 🟢 (Continuation)
If price breaks and holds above 4,690, it increases the probability of a continuation push.
Entry trigger: 4,691+ with strong candles
Targets: 4,702 → 4,720
Invalidation: close back below 4,672
Probability: ~68%
Scenario 2 — SHORT setup 🔴 (Reversal trap)
If price makes a fake breakout above 4,690 and quickly drops back under it, that can be a trap move.
Entry trigger: rejection from 4,690–4,702
Targets: 4,672 → 4,662
Invalidation: stable hold above 4,702
Probability: ~64%
What I’m doing now 👀
No rush — this is a “wait for confirmation” zone.
Best trades usually happen after the level is proven, not during the guess.
💬 What’s your next move on Gold?
Comment “LONG” if you expect continuation or “SHORT” if you expect rejection 👇
⚠️ This post is for educational purposes only and is not financial advice. Trade at your own risk.