Price is forming a short-term bullish structure after the strong rebound from the lower demand zone.
The current consolidation inside the triangle pattern suggests buyers are still attempting to push price higher toward the upper resistance areas.
The primary scenario remains bullish while price continues holding above the ascending support trendline.
A breakout above the current compression could open the way for gold to extend higher toward the 4,560 and 4,600 resistance zones.
The secondary scenario activates if price breaks below the ascending support structure, confirming bearish continuation and invalidating the short-term bullish recovery.
Buy Zone
4,495 – 4,505
Main Targets
4,560
4,600
Alternative Scenario
Bearish breakout below ascending support
Breakout Confirmation
Below 4,500
Breakout Targets
4,470 – 4,460
Invalidation
Above bullish structure failure
BIAS:
Short-term bullish while price holds above ascending support 📈
The current consolidation inside the triangle pattern suggests buyers are still attempting to push price higher toward the upper resistance areas.
The primary scenario remains bullish while price continues holding above the ascending support trendline.
A breakout above the current compression could open the way for gold to extend higher toward the 4,560 and 4,600 resistance zones.
The secondary scenario activates if price breaks below the ascending support structure, confirming bearish continuation and invalidating the short-term bullish recovery.
Buy Zone
4,495 – 4,505
Main Targets
4,560
4,600
Alternative Scenario
Bearish breakout below ascending support
Breakout Confirmation
Below 4,500
Breakout Targets
4,470 – 4,460
Invalidation
Above bullish structure failure
BIAS:
Short-term bullish while price holds above ascending support 📈
Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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.
Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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.