Gold remains in a short-term bullish structure, trading inside an ascending channel after a strong rebound from the 4,880–4,900 support zone.
🔎 Technical Overview:
Trend: Bullish (higher highs & higher lows)
Support Zone: 4,880 – 4,900
Entry Zone: Around 4,902
Stop Loss: Below 4,890
Target: 5,099 – 5,100 major resistance
Price is currently consolidating below the psychological 5,050–5,060 area. The structure suggests a potential continuation toward the 5,100 resistance if buyers maintain momentum.
📈 Bullish Scenario:
Holding above 4,900 keeps the structure intact.
Break and sustained move above 5,060 increases probability of reaching 5,099+.
Trendline support aligns with the demand zone, strengthening bullish bias.
⚠️ Bearish Risk:
A clean break below 4,890 would invalidate the bullish setup.
Could trigger a deeper pullback toward 4,850–4,820.
Overall bias remains bullish while price respects channel support and the 4,900 demand area.
🔎 Technical Overview:
Trend: Bullish (higher highs & higher lows)
Support Zone: 4,880 – 4,900
Entry Zone: Around 4,902
Stop Loss: Below 4,890
Target: 5,099 – 5,100 major resistance
Price is currently consolidating below the psychological 5,050–5,060 area. The structure suggests a potential continuation toward the 5,100 resistance if buyers maintain momentum.
📈 Bullish Scenario:
Holding above 4,900 keeps the structure intact.
Break and sustained move above 5,060 increases probability of reaching 5,099+.
Trendline support aligns with the demand zone, strengthening bullish bias.
⚠️ Bearish Risk:
A clean break below 4,890 would invalidate the bullish setup.
Could trigger a deeper pullback toward 4,850–4,820.
Overall bias remains bullish while price respects channel support and the 4,900 demand area.
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JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde
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.