XAUUSD Update – Waiting for Confirmation Before Adding More Buys (18 June 2026)
After the sharp recovery from the 4220 support zone, Gold has entered a consolidation phase on the M30 timeframe.
Price is currently trading around 4300–4328, with buyers struggling to push above the First Profit Scale level at 4328.87. While the overall bias remains bullish, I am not looking to aggressively add more buy positions at current levels.
Key Levels to Watch:
After the sharp recovery from the 4220 support zone, Gold has entered a consolidation phase on the M30 timeframe.
Price is currently trading around 4300–4328, with buyers struggling to push above the First Profit Scale level at 4328.87. While the overall bias remains bullish, I am not looking to aggressively add more buy positions at current levels.
Key Levels to Watch:
- Resistance: 4328.87
- Support: 4290–4280
- Major Support: 4220
My Trading Plan:
Hold existing buy positions if already in profit.
Consider adding to buys only if:
- Price closes above 4328.87 on M30 or H1.
- The breakout is supported by strong bullish momentum.
Alternative entry:
- Wait for a pullback into the 4280–4290 area and look for bullish confirmation.
Targets:
- TP1: 4384.19
- TP2: 4439.51
At the moment, price appears to be consolidating rather than trending strongly higher. Chasing buys in the middle of the range may not offer the best risk-to-reward opportunity. Patience may provide a better entry either on a confirmed breakout or a deeper pullback.
What are your thoughts? Are you adding to your longs here, or waiting for confirmation above 4328?
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