1. Market Structure
From the chart:
Price moved in a bullish ascending channel.
It broke down from the channel, which signals trend exhaustion / correction phase.
Now price is consolidating above a support demand zone.
This means the market is currently in a pullback inside a larger bullish structure.
2. Key Zones
🟦 Resistance / Supply Zone
5300 – 5330
Previous rejection area
Where the rally ended
Sellers stepped in strongly
Price will likely react again if it returns there.
🟩 Support / Demand Zone
4
5035 – 4980
Reasons this zone is strong:
Previous consolidation base
Multiple wick rejections
Liquidity grab area
If price holds here → bullish continuation possible.
3. Trade Idea From Your Chart
📍 Entry
Around 5038
🎯 Target
5190 – 5200
🛑 Stop Loss
4975
Risk/Reward
Approximately 1 : 2.5 – 1 : 3
Good structure if the support holds.
4. Price Scenarios
🟢 Bullish Scenario (Higher Probability)
If gold:
Holds 5000 support
Forms higher low
Then price can move toward:
5120
5190
possibly 5300
🔴 Bearish Scenario
If price breaks below 4980
Then next downside levels:
4920
4850
That would confirm short-term bearish continuation.
5. Important Confirmation Before Entry
Look for one of these on 1H / 4H:
Bullish engulfing candle
Double bottom
Strong rejection wick
Break of minor structure
Without confirmation → risk increases.
✅ Summary
Trend: Short-term correction in bullish structure
Buy zone: 5035 – 5000
Target: 5190+
Invalidation: Below 4980
From the chart:
Price moved in a bullish ascending channel.
It broke down from the channel, which signals trend exhaustion / correction phase.
Now price is consolidating above a support demand zone.
This means the market is currently in a pullback inside a larger bullish structure.
2. Key Zones
🟦 Resistance / Supply Zone
5300 – 5330
Previous rejection area
Where the rally ended
Sellers stepped in strongly
Price will likely react again if it returns there.
🟩 Support / Demand Zone
4
5035 – 4980
Reasons this zone is strong:
Previous consolidation base
Multiple wick rejections
Liquidity grab area
If price holds here → bullish continuation possible.
3. Trade Idea From Your Chart
📍 Entry
Around 5038
🎯 Target
5190 – 5200
🛑 Stop Loss
4975
Risk/Reward
Approximately 1 : 2.5 – 1 : 3
Good structure if the support holds.
4. Price Scenarios
🟢 Bullish Scenario (Higher Probability)
If gold:
Holds 5000 support
Forms higher low
Then price can move toward:
5120
5190
possibly 5300
🔴 Bearish Scenario
If price breaks below 4980
Then next downside levels:
4920
4850
That would confirm short-term bearish continuation.
5. Important Confirmation Before Entry
Look for one of these on 1H / 4H:
Bullish engulfing candle
Double bottom
Strong rejection wick
Break of minor structure
Without confirmation → risk increases.
✅ Summary
Trend: Short-term correction in bullish structure
Buy zone: 5035 – 5000
Target: 5190+
Invalidation: Below 4980
Trade ist aktiv
join my telegram channel t.me/goldsignalicthttps://t.me/goldsignalicthttps://t.me/goldsignalict
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
join my telegram channel t.me/goldsignalicthttps://t.me/goldsignalicthttps://t.me/goldsignalict
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.