Gold Hits Resistance Inside Rising Channel | Short-Term Pullback
Hello Everyone, i hope u all will be doing good in your life and your trading as well, let;s analyise Gold as it is trading inside a rising channel, but price is currently facing strong resistance near the channel top. The recent move shows signs of rejection, which opens the door for a short-term pullback, not a trend reversal.
This is a counter-trend short focused only on a corrective move. As long as price stays below the marked resistance zone, selling pressure can continue toward lower channel support. Buyers are still in control on higher timeframes, so shorts should remain quick and disciplined.
Key Levels
DisclaimerThis analysis is for educational purposes only and should not be considered as financial advice. Trading involves risk. Please do your own research and use proper risk management before taking any trade.
Analysis By TraderRahulPal | More analysis & educational content on my profile.
If this update helped, like and follow for regular updates.
This is a counter-trend short focused only on a corrective move. As long as price stays below the marked resistance zone, selling pressure can continue toward lower channel support. Buyers are still in control on higher timeframes, so shorts should remain quick and disciplined.
Key Levels
- Short Zone: Near channel resistance
- Pullback Targets: 4625 → 4610 → 4597
- Invalidation: Above 4660
DisclaimerThis analysis is for educational purposes only and should not be considered as financial advice. Trading involves risk. Please do your own research and use proper risk management before taking any trade.
Analysis By TraderRahulPal | More analysis & educational content on my profile.
If this update helped, like and follow for regular updates.
Transaction en cours
Good move its given 2nd target, patience pays always
Trade fermée: cible de profit atteinte
Targets Achieved Successfully
This was a quick pullback trade within a strong rising channel, not a trend reversal.
Price respected the channel structure, reacted from the upper zone, and delivered a clean pullback move exactly as expected.
Strong trends don’t move in a straight line. Pullbacks are opportunities, but only when you respect the higher-timeframe trend and keep expectations realistic.
This was a textbook example of “trade the pullback, respect the trend.”
Now price behaviour near support will decide the next leg.
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📈 High-Probability Trading Signals | Stocks & Index F&O
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📈 High-Probability Trading Signals | Stocks & Index F&O
🎯 77% Historical Accuracy
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tinyurl.com/5n7xsehh
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.