Right now gold is moving around the 4135–4140 zone on the 15-minute chart. Market is trying to break that small trendline resistance which is marked in red. You can see price made two–three touches on that line earlier but failed to close above it.
Today, bulls are again pushing price up. If gold gives a clean breakout above that 4145-4150 area, we can see good upside movement toward 4180–4192 level. That’s the next target zone marked on the chart.
As long as gold stays above 4130, buyers are in control. But if price again rejects from the same line and falls below 4120, then short-term correction can happen.
So simple plan –
Buy above: 4145
Target: 4180 / 4192
Stop loss: below 4120
Market is in bullish tone but need that one breakout candle to confirm. Once it breaks and retests, it can fly fast.
Trade safe, always wait for confirmation before entry.
