XAU/USD (Gold) K-Line Analysis & Trade Plan.

$XAUUSD ‌#EventContractsLaunch
Timeframes: 15M & 1H
Current Price: 4058.8
Market Structure
Gold remains in a short-term bullish recovery after bouncing from 4022.04. The 15-minute chart shows a series of higher highs and higher lows, while the 1-hour chart confirms buyers have regained control above the short-term moving averages.
However, price is now testing a key resistance area around 4063–4065, where buying momentum is beginning to slow.
K-Line Analysis
1-Hour Chart
Strong bullish reversal from 4022 support.
Price is trading above the MA5, MA10 and EMA10, indicating buyers remain in control.
Small-bodied candles near resistance suggest hesitation after the rally.
MACD remains bullish with positive histogram, although momentum is gradually flattening.
KDJ is in the overbought region (K≈82), increasing the probability of a short-term pullback before another move higher.
15-Minute Chart
Bullish trend remains intact with higher lows.
Price is consolidating just below 4064 resistance.
MA5 and MA10 are beginning to flatten, showing momentum is cooling.
MACD histogram is shrinking, indicating weakening bullish momentum.
KDJ has crossed lower, suggesting a minor correction could occur before the next directional move.
Key Levels
Resistance
4064
4072
4085
Support
4056
4048
4038
Major support: 4022
Trade Plan
Bullish Scenario (Preferred)
Entry: 4052–4058 on a pullback, or after a confirmed breakout above 4065
Stop Loss: 4044
Take Profit
TP1: 4068
TP2: 4078
TP3: 4090
Bearish Scenario
If price fails to hold 4055 and closes below it on the 15-minute chart:
Entry: Below 4055
Stop Loss: 4066
Take Profit
TP1: 4048
TP2: 4038
TP3: 4025
Technical Summary
Trend: Short-term bullish
Momentum: Bullish but slowing
MACD: Positive, momentum weakening
Moving Averages: Bullish alignment
KDJ: Overbought on 1H, suggesting a possible pullback before continuation
Trading Strategy
The higher-timeframe bias remains bullish, but chasing price directly beneath 4064 resistance carries increased risk. A pullback toward 4052–4056 with bullish confirmation offers a better risk-to-reward setup. If buyers break and hold above 4065 with strong volume, the next upside targets become 4078 and 4090. Conversely, a sustained break below 4055 would signal a deeper correction toward 4048–4025.