Market Structure:
Gold is moving in a bullish ascending channel, making higher highs and higher lows. Overall intraday bias remains bullish as long as price holds above channel support.
Key Pattern:
Price respected the rising channel after a previous harmonic/structure completion on the left. The recent consolidation near the upper half of the channel suggests bullish continuation rather than reversal.
Support Zone:
4,830 – 4,860
This area aligns with channel support and previous demand. Holding above this zone keeps buyers in control.
Entry Idea (Buy on Dip):
Entry: ~4,829
Wait for bullish confirmation (strong bullish candle / rejection wick) from the support zone.
Stop Loss:
Below 4,790
A break below channel support would invalidate the setup.
Targets:
TP1: ~4,930 (near-term resistance)
TP2: ~5,087 (channel upper boundary / projected move)
Risk Sentiment:
Favorable risk–reward, trend-aligned trade. Avoid buys if price breaks and closes below the channel.
Bias: ✅ Bullish continuation while above support
Invalidation: ❌ Sustained break below the rising channel
Gold is moving in a bullish ascending channel, making higher highs and higher lows. Overall intraday bias remains bullish as long as price holds above channel support.
Key Pattern:
Price respected the rising channel after a previous harmonic/structure completion on the left. The recent consolidation near the upper half of the channel suggests bullish continuation rather than reversal.
Support Zone:
4,830 – 4,860
This area aligns with channel support and previous demand. Holding above this zone keeps buyers in control.
Entry Idea (Buy on Dip):
Entry: ~4,829
Wait for bullish confirmation (strong bullish candle / rejection wick) from the support zone.
Stop Loss:
Below 4,790
A break below channel support would invalidate the setup.
Targets:
TP1: ~4,930 (near-term resistance)
TP2: ~5,087 (channel upper boundary / projected move)
Risk Sentiment:
Favorable risk–reward, trend-aligned trade. Avoid buys if price breaks and closes below the channel.
Bias: ✅ Bullish continuation while above support
Invalidation: ❌ Sustained break below the rising channel
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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.