📉 1️⃣ Trendline
🔹 Main trend: STILL BEARISH
Price remains below the medium-term descending trendline drawn from the left peak → sellers continue to control the broader structure.
🔹 Short-term trend: TECHNICAL PULLBACK
Price has formed a short-term ascending trendline from the most recent low → this is only a corrective rally within the larger downtrend.
➡️ Price is currently compressing inside a triangle pattern (descending trendline above + ascending trendline below) → a strong breakout move is likely soon.
🟥 2️⃣ Resistance Zones
🔹 Near resistance: 4,998 – 5,000
Previous breakdown area
Confluence with the descending trendline
➡️ High probability of selling pressure appearing on a retest
🔹 Major resistance: 5,263 – 5,265
Strong prior supply zone
1.618 Fibonacci extension level
➡️ Only a strong breakout above this zone would confirm a trend reversal
🟩 3️⃣ Support Zones
🔹 Near support: 4,683 – 4,685
Current consolidation base
Confluence with the short-term ascending trendline
➡️ If this level holds → price can rebound to retest resistance
🔹 Deeper support: 4,590 – 4,600
Previous structural low
➡️ A break below this zone would confirm continuation of the downtrend and potential new lows
🔻 SELL GOLD: 4,998 – 5,000
Stop Loss: 5,010
Take Profit: 200 pips – 400 pips – Open
🔺 BUY GOLD: 4,683 – 4,685
Stop Loss: 4,673
Take Profit: 200 pips – 400 pips – Open
🔹 Main trend: STILL BEARISH
Price remains below the medium-term descending trendline drawn from the left peak → sellers continue to control the broader structure.
🔹 Short-term trend: TECHNICAL PULLBACK
Price has formed a short-term ascending trendline from the most recent low → this is only a corrective rally within the larger downtrend.
➡️ Price is currently compressing inside a triangle pattern (descending trendline above + ascending trendline below) → a strong breakout move is likely soon.
🟥 2️⃣ Resistance Zones
🔹 Near resistance: 4,998 – 5,000
Previous breakdown area
Confluence with the descending trendline
➡️ High probability of selling pressure appearing on a retest
🔹 Major resistance: 5,263 – 5,265
Strong prior supply zone
1.618 Fibonacci extension level
➡️ Only a strong breakout above this zone would confirm a trend reversal
🟩 3️⃣ Support Zones
🔹 Near support: 4,683 – 4,685
Current consolidation base
Confluence with the short-term ascending trendline
➡️ If this level holds → price can rebound to retest resistance
🔹 Deeper support: 4,590 – 4,600
Previous structural low
➡️ A break below this zone would confirm continuation of the downtrend and potential new lows
🔻 SELL GOLD: 4,998 – 5,000
Stop Loss: 5,010
Take Profit: 200 pips – 400 pips – Open
🔺 BUY GOLD: 4,683 – 4,685
Stop Loss: 4,673
Take Profit: 200 pips – 400 pips – Open
ملاحظة
— Market Update —Based on current price action, the market is forming a well-defined ascending channel on the H1 timeframe, indicating that the recovery trend remains intact. Higher lows continue to develop, showing that buyers are still defending price within a controlled bullish structure.
🔹 Primary Scenario
As long as this ascending channel holds its structure, price has the potential to retest the psychological 5000 level in the near term. This zone represents a key technical and psychological level, where market reaction should be closely monitored.
🔹 Key Liquidity Zone – Channel Support
• 4668 – 4655: This area acts as a critical liquidity zone and dynamic support, maintaining the integrity of the current ascending channel.
• A clean break below this zone would weaken the short-term bullish structure, while holding above it keeps the recovery bias valid.
أغلقت الصفقة: تم الوصول للهدف
🔻 SELL GOLD: 4,998 – 5,000Stop Loss: 5,010
Take Profit: 200 pips – 400 pips – Open
===> +300pips
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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.