After breaking out on Friday during a low-liquidity environment and tapping the 4250 resistance zone on Monday, gold did exactly what strong markets do — it corrected.
The pullback reached the ideal buy zone at 4160–4170, respected it perfectly, and the market reversed sharply from there.
Now, price is trading comfortably above 4200, holding around 4220, and the structure remains firmly bullish.
From here, I expect:
- A new bullish leg,
- Followed by a clean break above the 4250 zone.
If that breakout materializes, the next major target for buyers becomes a retest of the ATH at 4380.
I remain bullish as long as yesterday’s low holds, and in my view, buying dips continues to be the dominant play in this market.
The pullback reached the ideal buy zone at 4160–4170, respected it perfectly, and the market reversed sharply from there.
Now, price is trading comfortably above 4200, holding around 4220, and the structure remains firmly bullish.
From here, I expect:
- A new bullish leg,
- Followed by a clean break above the 4250 zone.
If that breakout materializes, the next major target for buyers becomes a retest of the ATH at 4380.
I remain bullish as long as yesterday’s low holds, and in my view, buying dips continues to be the dominant play in this market.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publications connexes
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.