📈 1. Trend : Market Structure
Gold remains in a medium-term downtrend after breaking below 4.70x+.
EMA stays under EMA89 → bearish momentum dominates.
Current structure: Lower High + Lower Low.
The completed 5-wave Elliott decline suggests a possible ABC corrective rebound.
👉 Main trend remains bearish, with a short-term recovery underway.
📊 2. Price Action : Momentum
Price rebounded from 4.46x → 4.54x.
RSI 57–60 → improving momentum, not overbought.
Price is approaching EMA89 + supply zone, increasing rejection risk.
👉 Above 4.59x → recovery may extend.
👉 Rejection → bearish trend likely resumes.
📌 3. Key Levels
🔴 Resistance:
4,585 – 4,590 → break = potential move to 4.63x
4,635 – 4,640 → major resistance (EMA89)
🔵 Support:
4,505 – 4,500 → break = retest 4.46x–4.45x
4,450 – 4,440 → major support zone
Gold remains in a medium-term downtrend after breaking below 4.70x+.
EMA stays under EMA89 → bearish momentum dominates.
Current structure: Lower High + Lower Low.
The completed 5-wave Elliott decline suggests a possible ABC corrective rebound.
👉 Main trend remains bearish, with a short-term recovery underway.
📊 2. Price Action : Momentum
Price rebounded from 4.46x → 4.54x.
RSI 57–60 → improving momentum, not overbought.
Price is approaching EMA89 + supply zone, increasing rejection risk.
👉 Above 4.59x → recovery may extend.
👉 Rejection → bearish trend likely resumes.
📌 3. Key Levels
🔴 Resistance:
4,585 – 4,590 → break = potential move to 4.63x
4,635 – 4,640 → major resistance (EMA89)
🔵 Support:
4,505 – 4,500 → break = retest 4.46x–4.45x
4,450 – 4,440 → major support zone
Trade ativo
XAU touch 4512 and recover , sideway 
MOON | Forex Academy hopes to bring the best experience to the Forex community
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
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 "
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.