Welcome to #LuckySevenTrader
#Gold is currently holding a very strong support zone around 5110–5130 on the 4H chart. This level previously acted as resistance and has now flipped into support, which is why price is reacting strongly here.
From a technical perspective, this is a classic break-and-retest structure, often seen before the next bullish expansion.
But the biggest catalyst right now is geopolitics.
The rising tension involving Iran and Middle East conflicts has pushed global investors toward gold as a safe-haven asset. Whenever uncertainty increases in the world economy, gold becomes the first choice for protecting capital.
Because of this, we are seeing strong demand every time price dips.
If gold successfully holds above this support and breaks the 5200 resistance, the next targets could easily be 5400 and even 5600.
📈 Trade Setup
Entry: 5110 – 5130
Stop Loss: 5030
Targets:
TP1: 5200
TP2: 5400
TP3: 5600
As long as gold stays above this support zone, the bullish trend remains intact.
The market is currently accumulating — and once momentum returns, gold could explode higher again.
🔥 Follow me for more real market analysis.
📩 Message me for account management services.