Gold Technical Analysis
EMA 200
Last Thursday, gold broke below the 200 EMA, signaling a potential trend reversal to bearish, followed by a rejection at 3,128.00 — an H4 order block area. However, on Tuesday, price action pushed back above the 200 EMA and held, indicating a return to bullish momentum.
Chart Pattern
Price movement is currently constrained by several trendlines, forming a descending channel and triangle pattern, creating a sideways market structure.
Order Block Mapping
A new H4 order block has formed, representing a key area to look for potential buy entries. If this zone is broken, it may offer a strong opportunity for a sell entry.
🟢Bullish Scenario
If gold reaches the 3,318.00 level — an H4 order block area — it may present a potential buying opportunity. A breakout above the upper trendline would confirm bullish continuation, with the first target at 3,366.00 (TP1), followed by a second target at 3,440.00 (TP2), which is also an H4 order block area.
🔴Bearish Scenario
If gold breaks below the H4 order block at 3,290.00 and breaches the lower trendline, it may offer a selling opportunity, with the next downside target at 3,055.00 — a key daily order block level.
Best Regard
EMA 200
Last Thursday, gold broke below the 200 EMA, signaling a potential trend reversal to bearish, followed by a rejection at 3,128.00 — an H4 order block area. However, on Tuesday, price action pushed back above the 200 EMA and held, indicating a return to bullish momentum.
Chart Pattern
Price movement is currently constrained by several trendlines, forming a descending channel and triangle pattern, creating a sideways market structure.
Order Block Mapping
A new H4 order block has formed, representing a key area to look for potential buy entries. If this zone is broken, it may offer a strong opportunity for a sell entry.
🟢Bullish Scenario
If gold reaches the 3,318.00 level — an H4 order block area — it may present a potential buying opportunity. A breakout above the upper trendline would confirm bullish continuation, with the first target at 3,366.00 (TP1), followed by a second target at 3,440.00 (TP2), which is also an H4 order block area.
🔴Bearish Scenario
If gold breaks below the H4 order block at 3,290.00 and breaches the lower trendline, it may offer a selling opportunity, with the next downside target at 3,055.00 — a key daily order block level.
Best Regard
Trade geschlossen: Ziel wurde erreicht
reach target at 3,366.00 (TP1) as a plan
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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.