Gold on the 1H timeframe is still trading inside a symmetrical triangle, but price has just shown clear rejection near the upper boundary (~5,030–5,050).
Key observations:
• Lower highs forming near resistance
• Price struggling to hold above short-term moving average
• Momentum weakening near triangle apex
• Rising trendline support currently around 4,950–4,970
Compression is almost complete — breakout likely soon.
🔴 Bearish Scenario (Currently Higher Probability)
If price breaks below 4,950, the triangle support fails.
Downside targets:
• 4,900
• 4,820
• 4,700
• Extended target: 4,550 major support
This would confirm bearish expansion from compression.
✅ Short Stop Loss:
• Above 5,050
• Conservative SL: above 5,100
🟢 Bullish Scenario (Invalidation of Bearish View)
If price reclaims and closes above 5,050, then:
Upside targets:
• 5,150
• 5,300
• 5,500
Would confirm bullish breakout from triangle.
✅ Long Stop Loss:
• Below 4,950
• Conservative SL: below 4,900
⚠ Trading Notes
• Apex zone = high fake breakout probability
• Avoid mid-structure entries
• Wait for 1H close confirmation
• Volatility expansion imminent
Key observations:
• Lower highs forming near resistance
• Price struggling to hold above short-term moving average
• Momentum weakening near triangle apex
• Rising trendline support currently around 4,950–4,970
Compression is almost complete — breakout likely soon.
🔴 Bearish Scenario (Currently Higher Probability)
If price breaks below 4,950, the triangle support fails.
Downside targets:
• 4,900
• 4,820
• 4,700
• Extended target: 4,550 major support
This would confirm bearish expansion from compression.
✅ Short Stop Loss:
• Above 5,050
• Conservative SL: above 5,100
🟢 Bullish Scenario (Invalidation of Bearish View)
If price reclaims and closes above 5,050, then:
Upside targets:
• 5,150
• 5,300
• 5,500
Would confirm bullish breakout from triangle.
✅ Long Stop Loss:
• Below 4,950
• Conservative SL: below 4,900
⚠ Trading Notes
• Apex zone = high fake breakout probability
• Avoid mid-structure entries
• Wait for 1H close confirmation
• Volatility expansion imminent
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.