Yesterday we saw price fail to reclaim the 5332 resistance, which triggered an aggressive sell-off into the pullback zone and extended even lower. Price is currently trading inside the pullback zone and below both the MA50 and MA200, indicating short-term weakness in structure.
For bulls to regain strength, we would need to see a confirmed break above 5202 and a reclaim of the MA200. That would open the path for a retest of 5332, and if strong bullish momentum follows, we could see further extension toward our 5548 extended target.
On the downside, first support sits at 5092, which marks the lower boundary of the pullback zone. A failure to hold above that level could trigger a deeper retracement into the main support zone, where we will watch closely for potential buyer reaction and structure stabilization.
📌Key levels to watch:
Resistance:
5202
5332
5438(minor resistance)
5548
Support:
5155(minor support)
5092
5022(minor support)
4961
4864
👉Let key levels guide your decisions — wait for confirmation and manage risk accordingly.
For bulls to regain strength, we would need to see a confirmed break above 5202 and a reclaim of the MA200. That would open the path for a retest of 5332, and if strong bullish momentum follows, we could see further extension toward our 5548 extended target.
On the downside, first support sits at 5092, which marks the lower boundary of the pullback zone. A failure to hold above that level could trigger a deeper retracement into the main support zone, where we will watch closely for potential buyer reaction and structure stabilization.
📌Key levels to watch:
Resistance:
5202
5332
5438(minor resistance)
5548
Support:
5155(minor support)
5092
5022(minor support)
4961
4864
👉Let key levels guide your decisions — wait for confirmation and manage risk accordingly.
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📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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.