Gold (XAUUSD)

1. Observation:
   Gold has been in a strong, uninterrupted uptrend since mid-2023. After consolidating between $2,600–3,200, price has broken out to fresh all-time highs near $3,780–3,800.
2. Trend: Extremely bullish. Each breakout is followed by a shallow pullback and continuation.
3. RSI: Extended but still below extreme overbought on weekly → trend is sustainable.

Key Weekly Levels:

1. Support: $3,500 – 3,550 (last breakout zone)
2. Major Support: $3,200 – 3,250 (multi-month consolidation base)
3. Resistance: $3,900 – 4,000 psychological zone

Daily Chart (Swing Trading View)

1. Observation:
   After weeks of sideways movement, Gold broke higher above $3,500 and has rallied explosively. Price is now testing the $3,780–3,800 zone.
2. Trend: Clean bullish impulse wave; no major pullback yet.
3. Momentum: RSI around 70 → strong but starting to approach overbought.

Key Daily Levels:

1. Resistance: $3,800 → first test, could trigger short-term profit-taking.
2. Support: $3,600 – 3,650 (breakout retest zone)
3. Deep Support: $3,450 – 3,500

H1 Chart (Intraday & Scalping)

1. Observation:
   On the 1-hour chart, Gold is in a parabolic rally with almost no pullbacks. Small consolidation phases were bought aggressively.
2. Trend: Short-term trend extremely bullish but overextended.
3. Momentum: RSI very high → a pullback or consolidation is likely before next leg.

Key H1 Levels:

1. Immediate Support: $3,720 – 3,740
2. Next Support: $3,660 – 3,680
3. Micro Resistance: $3,790–3,800

Trading Plan (Buy/Sell, SL/TP)
Buy Setup (Trend Following – Safer Play)

1. Entry Zone: Wait for pullback towards $3,700 – 3,720
2. Stop Loss (SL): Below $3,650
3. Take Profit (TP):
   1. TP1 = $3,800
   2. TP2 = $3,850
   3. TP3 = $3,900–4,000 (psychological target)

Sell Setup (Countertrend – Risky)

1. Entry Zone: Short at $3,800 – 3,820 resistance (only if rejection candle forms)
2. Stop Loss (SL): Above $3,850
3. Take Profit (TP):
   1. TP1 = $3,720
   2. TP2 = $3,660

Summary

1. Bias: Strongly bullish across all timeframes.
2. Best Strategy: Buy dips, don’t chase highs.
3. Intraday Idea: Watch for a short-term rejection near $3,800 → quick sell scalp possible, but big money is still on the long side.
4. Medium-Term: As long as Gold stays above $3,600, the target towards $3,900–4,000 remains intact.