Search This Blog

Tuesday, March 31, 2026

472X – Key Structure Level: Hold = Bearish, Break = Reversal

472X – Key Structure Level: Hold = Bearish, Break = Reversal

Gold / U.S. Dollar FOREXCOM:XAUUSD

Context

Gold has just made a strong breakout above the 4600–462X resistance, mainly driven by Trump’s statement about potentially ending the Iran conflict within 2–3 weeks.

This news boosted market sentiment and pushed price higher, now approaching the key resistance zone at 472X–4750.

📈 Current Trend

Short-term: Strong bullish momentum
Mid-term: Testing key resistance

🎯 Key Levels

Resistance: 4735–4750 | 4848–4853 | 4900–4912 | 5000
Support: 4650 | 4614 | 4530 | 4485

⚔️ Trading Plan (SELL Bias)

SELL around 4735–4750
SL: 4770 (~20 points)
TP: RR 1:1 → 1:2 → 1:5

❌ Invalidation

Strong break above 4740 → stop SELL
→ Look for SELL opportunities at higher resistance zones

🔄 Reversal Scenario

If price holds firmly above 4740
→ Potential continuation to BUY towards 4800

📌 Conclusion

472X–4750 is the decision zone.
Hold → SELL bias | Break → follow BUY

💬 Your View?

Which side are you on here?
👉 SELL at 47XX or wait for breakout to BUY?

Drop your view + entry level below, let’s compare setups.


Follow for upcoming updates (especially before Non-farm).
I’ll update immediately if market structure breaks.



source https://www.tradingview.com/chart/XAUUSD/xQ9BnIry-472X-Key-Structure-Level-Hold-Bearish-Break-Reversal/

March 30, 2026 at 10:25AM SHIB: breakout or fakeout? key levels to watch in coming days