Gold is currently reacting from a well-defined horizontal resistance zone that has already produced multiple rejections. Price tapped this area again and sellers stepped in, forming another lower high. At the same time, the market is holding above a rising trendline support, creating a tightening structure between resistance and ascending support.
This type of compression often leads to a decisive move. As long as price remains below the highlighted resistance zone, downside pressure may continue toward the trendline support. A clean break below the rising support could open the path for further bearish continuation. On the other hand, a strong breakout and acceptance above resistance would invalidate the bearish bias and shift momentum upward.
Key Levels
Resistance Zone: 4,860 – 4,900
Intraday Supply: 4,770 area
Rising Support: Trendline below current price
Bearish Trigger: Break and close below trendline
Bullish Trigger: Strong breakout above resistance
Scenario
Rejection from resistance → continuation lower
Range compression → volatility expansion soon
Liquidity resting below recent lows
Note:
This analysis is for educational purposes only and reflects price structure, not financial advice. Always wait for confirmation and manage risk properly.
This type of compression often leads to a decisive move. As long as price remains below the highlighted resistance zone, downside pressure may continue toward the trendline support. A clean break below the rising support could open the path for further bearish continuation. On the other hand, a strong breakout and acceptance above resistance would invalidate the bearish bias and shift momentum upward.
Key Levels
Resistance Zone: 4,860 – 4,900
Intraday Supply: 4,770 area
Rising Support: Trendline below current price
Bearish Trigger: Break and close below trendline
Bullish Trigger: Strong breakout above resistance
Scenario
Rejection from resistance → continuation lower
Range compression → volatility expansion soon
Liquidity resting below recent lows
Note:
This analysis is for educational purposes only and reflects price structure, not financial advice. Always wait for confirmation and manage risk properly.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.