- The price is currently fluctuating within a large sideways range (4996 - 5205), without a clear breakout yet. However, the trendline is gradually tightening, and the structure (H4) leans towards a downtrend, with continuous pullbacks creating lower highs, indicating that selling pressure remains dominant in the short term.
- The (5158 - 5173) area is a strong supply zone and also a dynamic resistance area with the EMA and descending trendline (H4), where the price has been rejected multiple times before.
- The (5054 - 5060) area is a crucial support zone and also the nearest structural bottom. If the price breaks out of this area, the downward momentum is likely to expand further.
- Currently, the market is in a large-range accumulation phase, and as the range tightens, the probability of a strong breakout in the coming sessions is quite high.
✅ VIEW:
1. BUY SCENARIO:
- Price confirms breakout of resistance zone (5158 - 5173).
- Price confirms breakout of descending trendline, simultaneously breaking the Lower High structure.
- Closing candle confirms above EMA (H4).
=> When the above conditions are confirmed, the short-term uptrend structure recovers. Target level: 520x - 524x.
=> The upward momentum expands strongly when the price breaks through the zone (5249 - 5251).
2. SELL SCENARIO:
- The structure (H4) is still leaning towards a downtrend.
- Price breaks and closes below the support zone (5100 - 5108).
=> When the recovery structure is broken, prioritize finding a SELL point towards the support zone (5054 - 5060).
=> If the price continues to break out of the (5054 - 5060) zone and breaks the Higher Low structure, the correction momentum could extend further, opening up a larger market decline.
❗The market is currently in a large sideways phase with high volatility. Prioritize trading when there are clear factors.
SELL LIMIT GOLD: 5154 - 5156
STOPLOSS : 5160
✅TP1: 5151
✅TP2: 5139
SELL LIMIT GOLD: 5169 - 5171
STOPLOSS : 5175
✅TP1: 5166
✅TP2: 5154
BUY LIMIT GOLD: 5106 - 5108
STOPLOSS : 5102
✅TP1: 5111
✅TP2: 5123
BUY LIMIT GOLD: 5084 - 5086
STOPLOSS : 5080
✅TP1: 5089
✅TP2: 5100
- The (5158 - 5173) area is a strong supply zone and also a dynamic resistance area with the EMA and descending trendline (H4), where the price has been rejected multiple times before.
- The (5054 - 5060) area is a crucial support zone and also the nearest structural bottom. If the price breaks out of this area, the downward momentum is likely to expand further.
- Currently, the market is in a large-range accumulation phase, and as the range tightens, the probability of a strong breakout in the coming sessions is quite high.
✅ VIEW:
1. BUY SCENARIO:
- Price confirms breakout of resistance zone (5158 - 5173).
- Price confirms breakout of descending trendline, simultaneously breaking the Lower High structure.
- Closing candle confirms above EMA (H4).
=> When the above conditions are confirmed, the short-term uptrend structure recovers. Target level: 520x - 524x.
=> The upward momentum expands strongly when the price breaks through the zone (5249 - 5251).
2. SELL SCENARIO:
- The structure (H4) is still leaning towards a downtrend.
- Price breaks and closes below the support zone (5100 - 5108).
=> When the recovery structure is broken, prioritize finding a SELL point towards the support zone (5054 - 5060).
=> If the price continues to break out of the (5054 - 5060) zone and breaks the Higher Low structure, the correction momentum could extend further, opening up a larger market decline.
❗The market is currently in a large sideways phase with high volatility. Prioritize trading when there are clear factors.
SELL LIMIT GOLD: 5154 - 5156
STOPLOSS : 5160
✅TP1: 5151
✅TP2: 5139
SELL LIMIT GOLD: 5169 - 5171
STOPLOSS : 5175
✅TP1: 5166
✅TP2: 5154
BUY LIMIT GOLD: 5106 - 5108
STOPLOSS : 5102
✅TP1: 5111
✅TP2: 5123
BUY LIMIT GOLD: 5084 - 5086
STOPLOSS : 5080
✅TP1: 5089
✅TP2: 5100
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Verbundene Veröffentlichungen
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.