Gold (XAU/USD) 4H Chart Analysis

1. Trend: Gold is moving in an upward channel, showing both buying and selling pressure.


2. Support & Resistance:

Support: 2,900-2,910 (strong buying area).

Resistance: 2,940-2,950 (selling pressure zone).



3. Volume:

More buyers when price goes up.

Less selling pressure when price goes down.



4. Trading Plan:

Buy near 2,900-2,910 (if price stays above support).

Sell near 2,940-2,950 (if price faces resistance).