1. Trendline Structure
Price is currently trading within a Symmetrical Triangle pattern.
Upper trendline: sloping downward → indicating short-term selling pressure.
Lower trendline: sloping upward → showing that buyers are still defending the medium-term bullish trend.
→ The market is compressing within the range, preparing for a potential strong breakout.
2. Key Resistance
5398 – 5400: Strong resistance zone, aligning with the previous high and the upper boundary of the triangle.
If price breaks and closes above 5400, it could trigger further bullish expansion toward new highs.
3. Key Support
5306 – 5308 (Fib 0.618): Short-term support where price is currently reacting.
5280 (Fib 0.5 + GAP Breakout): Strong support and a potential retest zone of the previous bullish structure.
Ascending trendline below: Dynamic support of the current uptrend.
Trading Plan
BUY GOLD: 5278 – 5280
Stop Loss: 5270
Take Profit: 100 – 300 – 500 pips
SELL GOLD: 5398 – 5400
Stop Loss: 5410
Take Profit: 100 – 300 – 500 pips
Price is currently trading within a Symmetrical Triangle pattern.
Upper trendline: sloping downward → indicating short-term selling pressure.
Lower trendline: sloping upward → showing that buyers are still defending the medium-term bullish trend.
→ The market is compressing within the range, preparing for a potential strong breakout.
2. Key Resistance
5398 – 5400: Strong resistance zone, aligning with the previous high and the upper boundary of the triangle.
If price breaks and closes above 5400, it could trigger further bullish expansion toward new highs.
3. Key Support
5306 – 5308 (Fib 0.618): Short-term support where price is currently reacting.
5280 (Fib 0.5 + GAP Breakout): Strong support and a potential retest zone of the previous bullish structure.
Ascending trendline below: Dynamic support of the current uptrend.
Trading Plan
BUY GOLD: 5278 – 5280
Stop Loss: 5270
Take Profit: 100 – 300 – 500 pips
SELL GOLD: 5398 – 5400
Stop Loss: 5410
Take Profit: 100 – 300 – 500 pips
ملاحظة
— Market Update —Based on the current wave structure and the measured liquidity zones, the next major liquidity target and the potential ATH (All-Time High) expansion area could be around 5700 – 5730.
This level aligns with:
• A projected expansion zone on the Daily timeframe
• A potential Wave 5 extension within the current Elliott Wave cycle
Strategy for today:
We maintain a buy-side bias, trading in alignment with the market’s dominant capital flow and the medium-term uptrend heading into the end of the week.
However, it is important to note:
At the beginning of the week, the market is still heavily influenced by geopolitical factors, which may lead to:
• Unstable volatility
• Possible market opening gaps
• Liquidity sweeps and market noise.
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✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.