Peter Smith
⬤ Gold (XAU/USD) is holding strong in its uptrend, with clear trading zones emerging for both buyers and sellers. The metal's bullish momentum points to buying opportunities in the $4,610-$4,620 range, while resistance is expected around $4,645-$4,655 where traders should consider taking profits.
⬤ Heading into the US trading session, gold is likely to hover around the $4,610-$4,620 support zone—an ideal entry point for long positions. "These levels are crucial for making informed trading decisions as gold moves within its established uptrend," notes the analysis. Once prices push toward the $4,645-$4,655 resistance area, that's when selling pressure may kick in and slow the rally.
⬤ The strategy here is straightforward: buy low at support and sell high at resistance. Markets can get choppy, but sticking to these zones helps manage risk while riding the bullish wave. Keeping an eye on price action during US hours will be key to adjusting positions and protecting gains.
⬤ For traders looking to capitalize on gold's current run, these buy and sell ranges offer a solid framework. As long as prices respect these key levels, opportunities will keep presenting themselves—just stay alert and be ready to adapt as conditions shift.
Peter Smith
