📊 Gold Analysis (XAU/USD) — 4H Scenario

Today, Monday, September 7, was a holiday in the United States for Labor Day, so we must keep in mind that liquidity and market behavior may differ from a normal session. In this analysis, we are viewing Gold in the 4-hour (4H) timeframe. This timeframe allows us to have a broader view of the market structure and, above all, to identify the important zones where the price could react. Currently, we have an important zone around 4,460–4,480, which we consider a decision level for the next move. Our idea is not to guess what the price will do, but to wait for it to reach these zones and subsequently move down to M5 to look for an entry confirmation using our Volume Profile and our trading strategy. 🔴 Scenario 1 — Breakout of the important zone If the price manages to break through the 4,460–4,480 zone with strength, the sell scenario would be discarded. In this case, we would wait for a price correction after the breakout and, if our Volume Profile and our strategy give us confirmation in M5, we would look for a buy entry. The next important objective we have marked is approximately at 4,680–4,700. Breakout → correction → M5 confirmation → buy. ⸻ 🔴 Scenario 2 — Rejection of the important zone This is one of the scenarios we must monitor especially closely. If the price reaches our 4,460–4,480 zone again but fails to break it with strength and begins to show rejection, we could look for a sell opportunity, as long as our strategy confirms the entry in M5. In this scenario, the price could continue its movement towards the lower zones we have marked on the chart. Arrival at zone → rejection → M5 confirmation → sell. ⸻ 🟢 Scenario 3 — Bearish continuation from current levels We must also consider