Downward pressure at the beginning of the week below 4500
📈 1. Trend & Market Structure
Overview:
Gold is currently undergoing a correction following a strong rally from the 4,365 low to the 4,595 high.
The short-term EMA (~4,508) remains above EMA89 (~4,504), indicating that the short-term bullish structure has not been fully broken yet.
However, price has fallen back below the short-term EMA and is now testing a key support zone around 4.49x–4.50x.
👉 Current Trend:
Short-term bearish correction within a broader recovery structure.
📊 2. Price Action & Momentum
Price Action:
After reaching the strong resistance area around 4.59x, gold encountered heavy selling pressure and formed a series of corrective candles.
Price is currently retesting a key support confluence consisting of:
EMA89
Major POC / Volume Profile node
Demand zone around 4.49x
This area is likely to determine the market’s next directional move.
👉 If the 4.49x–4.50x support zone holds:
Potential rebound toward 4.52x
Then 4.55x
And possibly 4.59x
👉 If price breaks below this support zone:
The bearish scenario may extend toward the 4.42x–4.43x liquidity zone.
Momentum:
RSI around 41 → momentum has weakened after the recent rally.
The histogram has turned red and continues to expand, indicating ongoing short-term selling pressure.
No clear bullish reversal signal has emerged at the current support zone.
👉 Short-term momentum remains slightly in favor of the bears.
📍 3. Key Support & Resistance Levels
🔴 Near Resistance: 4,508 – 4,520
Short-term EMA
Current technical rebound area
🔴 Major Resistance: 4,590 – 4,595
Recent swing high
Strong supply zone
🔵 Near Support: 4,490 – 4,485
EMA89
POC Volume Profile
Short-term demand zone
🔵 Major Support: 4,430 – 4,420
Liquidity zone highlighted on the chart
Next downside target if current support fails to hold
---------------------------
BUY GOLD zone 4425 - 4420
SL : 4415
TP : 4442 - 4460 - 4488
----------------------------
Overview:
Gold is currently undergoing a correction following a strong rally from the 4,365 low to the 4,595 high.
The short-term EMA (~4,508) remains above EMA89 (~4,504), indicating that the short-term bullish structure has not been fully broken yet.
However, price has fallen back below the short-term EMA and is now testing a key support zone around 4.49x–4.50x.
👉 Current Trend:
Short-term bearish correction within a broader recovery structure.
📊 2. Price Action & Momentum
Price Action:
After reaching the strong resistance area around 4.59x, gold encountered heavy selling pressure and formed a series of corrective candles.
Price is currently retesting a key support confluence consisting of:
EMA89
Major POC / Volume Profile node
Demand zone around 4.49x
This area is likely to determine the market’s next directional move.
👉 If the 4.49x–4.50x support zone holds:
Potential rebound toward 4.52x
Then 4.55x
And possibly 4.59x
👉 If price breaks below this support zone:
The bearish scenario may extend toward the 4.42x–4.43x liquidity zone.
Momentum:
RSI around 41 → momentum has weakened after the recent rally.
The histogram has turned red and continues to expand, indicating ongoing short-term selling pressure.
No clear bullish reversal signal has emerged at the current support zone.
👉 Short-term momentum remains slightly in favor of the bears.
📍 3. Key Support & Resistance Levels
🔴 Near Resistance: 4,508 – 4,520
Short-term EMA
Current technical rebound area
🔴 Major Resistance: 4,590 – 4,595
Recent swing high
Strong supply zone
🔵 Near Support: 4,490 – 4,485
EMA89
POC Volume Profile
Short-term demand zone
🔵 Major Support: 4,430 – 4,420
Liquidity zone highlighted on the chart
Next downside target if current support fails to hold
---------------------------
BUY GOLD zone 4425 - 4420
SL : 4415
TP : 4442 - 4460 - 4488
----------------------------
تم فتح الصفقة
XAU decrease 4445 and react up. H1 decrease 
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منشورات ذات صلة
إخلاء المسؤولية
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
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.