Gold remains in a clear short-term uptrend, forming higher highs and higher lows within an ascending structure. Price recently broke above the minor trendline resistance and is now pulling back toward a key SBR (Support-Become-Resistance turned Support) bullish zone.
🔹 Key Structure
Trend: Bullish (ascending channel)
Breakout confirmed above prior structure high
Healthy pullback expected into demand
🔹 Bullish Zone
Support Area: 5,034 – 5,066
This zone aligns with:
Previous breakout structure
Dynamic trendline support
Short-term imbalance area
As long as price holds above this region, buyers maintain control.
🎯 Upside Targets
Primary Target: 5,159 – 5,161
Extension potential if momentum continues toward new highs.
❌ Invalidation
Sustained break and close below 5,034
Deeper weakness below 5,005 would shift short-term bias bearish
Summary
The structure favors a buy-the-dip scenario into the SBR zone. Momentum remains bullish unless key support fails. Watching for bullish confirmation (rejection candles / strong bullish close) inside the highlighted demand area before continuation.
🔹 Key Structure
Trend: Bullish (ascending channel)
Breakout confirmed above prior structure high
Healthy pullback expected into demand
🔹 Bullish Zone
Support Area: 5,034 – 5,066
This zone aligns with:
Previous breakout structure
Dynamic trendline support
Short-term imbalance area
As long as price holds above this region, buyers maintain control.
🎯 Upside Targets
Primary Target: 5,159 – 5,161
Extension potential if momentum continues toward new highs.
❌ Invalidation
Sustained break and close below 5,034
Deeper weakness below 5,005 would shift short-term bias bearish
Summary
The structure favors a buy-the-dip scenario into the SBR zone. Momentum remains bullish unless key support fails. Watching for bullish confirmation (rejection candles / strong bullish close) inside the highlighted demand area before continuation.
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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.