Let’s review your Gold Spot (XAU/USD) charts—Daily, Weekly, and Monthly—and outline key buy/sell levels (with a disclaimer).
1.) Monthly Chart (Long-Term Trend)
Observation
: Gold has shown a strong multi-year uptrend since mid-2023.
: The price has broken the $4,000 level a key psychological and technical resistance.
: Momentum is strong but shows signs of a possible pause or short-term pullback
: Support zones are visible at earlier consolidation points.
Key Levels (Monthly)
: Resistance: $4,250, $4,300
: Support 1: $3,700
:Support 2: $3,200 (major structural support)
Bias: Bullish but overextended
Buy Zone (Long-Term Investors):$3,600–$3,750
Sell/Book Partial Profits:Above $4,250 if the price struggles to hold.
2) Weekly Chart (Medium-Term View)
Observation:
Weekly candles show a sharp rally followed by a 2-week correction
The strong uptrend structure remains intact, with higher highs and higher lows.
If the $4,000 level becomes resistance, the correction may deepen.
Key Levels (Weekly):
Immediate Resistance:$4,050–$4,150
Immediate Support:$3,850
Major Support:$3,600
Bias:Uptrend cooling off
Buy Zone:$3,750–$3,850
Sell Zone:$4,150–$4,250 if the price rejects.
3.) Daily Chart (Short-Term View)
Observation:
Daily candles show a retracement from $4,400 down to $3,900–$4,000
Some stabilization around $4,000 suggests a possible short-term rebound.
If $3,950 breaks, the next drop could extend to $3,800.
Key Levels (Daily):
Resistance:$4,120, $4,250
Support:$3,950, $3,800
Bias:Neutral-to-Bullish short term
Buy on Dip:$3,900–$3,950 with a tight stop below $3,850
Sell on Rejection:Near $4,150–$4,250
Disclaimer
> This analysis is for educational purposes only not financial advice.
> Trading involves high risk; always use stop-loss and do your own due diligence.
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