📈 1. Trend : Market Structure
Overview
Gold continues to maintain a strong bullish recovery after establishing a bottom around 4,025–4,040.
EMA9 (~4,323) remains above EMA89 (~4,269), confirming positive short-term momentum.
Price continues to print Higher Highs and Higher Lows.
The previous bearish structure has been broken, while buyers remain in control of the market.
However, price is now approaching a key resistance zone around 4,355–4,370, where strong selling pressure previously emerged.
👉 Current Trend: Short-term bullish trend, but approaching a major resistance area.
📊 2. Fibonacci : Price Action
Key Fibonacci Levels
Based on the latest bullish leg:
🔵 Fib 0.382: 4,238
🔵 Fib 0.500: 4,197
🔵 Fib 0.618: 4,156
These levels are expected to act as support zones in the event of a pullback.
Key Resistance Levels
🔴 Near Resistance: 4,355–4,370
Major supply zone
Previous EMA89 resistance area
Recent recovery high
🔴 Extended Resistance: 4,400–4,430
Next upside target if price successfully breaks above the 4.37x resistance zone.
-----------------
SELL GOLD : zone 4365 - 4368
SL : 4373
TP : 4330 - 4302 - 4277
------------------
Overview
Gold continues to maintain a strong bullish recovery after establishing a bottom around 4,025–4,040.
EMA9 (~4,323) remains above EMA89 (~4,269), confirming positive short-term momentum.
Price continues to print Higher Highs and Higher Lows.
The previous bearish structure has been broken, while buyers remain in control of the market.
However, price is now approaching a key resistance zone around 4,355–4,370, where strong selling pressure previously emerged.
👉 Current Trend: Short-term bullish trend, but approaching a major resistance area.
📊 2. Fibonacci : Price Action
Key Fibonacci Levels
Based on the latest bullish leg:
🔵 Fib 0.382: 4,238
🔵 Fib 0.500: 4,197
🔵 Fib 0.618: 4,156
These levels are expected to act as support zones in the event of a pullback.
Key Resistance Levels
🔴 Near Resistance: 4,355–4,370
Major supply zone
Previous EMA89 resistance area
Recent recovery high
🔴 Extended Resistance: 4,400–4,430
Next upside target if price successfully breaks above the 4.37x resistance zone.
-----------------
SELL GOLD : zone 4365 - 4368
SL : 4373
TP : 4330 - 4302 - 4277
------------------
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
