Strong bullish structure ๐
Break above resistance = continuation.
Below support = pullback.
Wait for the close, not the wick. ๐ฅ
Post
Jia Lilly
ยท
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BullishGold maintains strong bullish momentum on the 1-hour timeframe after advancing from 4911 to 5043 and forming a clear higher-high, higher-low structure.
Price is currently trading near 5037 and consolidating around a critical resistance zone. A decisive 1H close above 5045 would signal potential breakout continuation with upside targets at 5065, 5080, and 5100, while risk management suggests a protective stop below 5015.
Conversely, a confirmed breakdown and close under 5015 could shift short-term sentiment bearish, exposing downside targets at 4990 and 4965.
Key support levels remain at 5015 and 4990, with resistance at 5045 and 5065. The broader intraday trend stays bullish, though traders should remain cautious of false breakouts near resistance and maintain disciplined risk control.
Price is currently trading near 5037 and consolidating around a critical resistance zone. A decisive 1H close above 5045 would signal potential breakout continuation with upside targets at 5065, 5080, and 5100, while risk management suggests a protective stop below 5015.
Conversely, a confirmed breakdown and close under 5015 could shift short-term sentiment bearish, exposing downside targets at 4990 and 4965.
Key support levels remain at 5015 and 4990, with resistance at 5045 and 5065. The broader intraday trend stays bullish, though traders should remain cautious of false breakouts near resistance and maintain disciplined risk control.
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