Hi!
Gold has completed a clear Three-Drive Reversal pattern, with the third drive tapping into the major support zone around 4165–4175. This area has repeatedly acted as a strong demand pocket, and the sharp reaction confirms buyers are still active. Following the third drive, price broke the minor descending trendline, signaling the first shift in short-term momentum.
Current Structure
After breaking the trendline, price is now forming a healthy sequence of higher lows. The next key area is the mid-range supply zone at 4215–4220 (highlighted in red). A controlled pullback into higher-low structure would maintain bullish pressure and build the base for continuation.
Upside Targets
If buyers successfully reclaim the 4215–4220 zone, the next major target sits at the 4237–4240 resistance (green zone). This aligns with the next liquidity cluster and previous strong reaction points.
⚠️ Validation
The bullish scenario remains valid as long as price holds above the structure created after the third drive. A heavy rejection back below the support zone would invalidate the setup.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Gold has completed a clear Three-Drive Reversal pattern, with the third drive tapping into the major support zone around 4165–4175. This area has repeatedly acted as a strong demand pocket, and the sharp reaction confirms buyers are still active. Following the third drive, price broke the minor descending trendline, signaling the first shift in short-term momentum.
Current Structure
After breaking the trendline, price is now forming a healthy sequence of higher lows. The next key area is the mid-range supply zone at 4215–4220 (highlighted in red). A controlled pullback into higher-low structure would maintain bullish pressure and build the base for continuation.
Upside Targets
If buyers successfully reclaim the 4215–4220 zone, the next major target sits at the 4237–4240 resistance (green zone). This aligns with the next liquidity cluster and previous strong reaction points.
⚠️ Validation
The bullish scenario remains valid as long as price holds above the structure created after the third drive. A heavy rejection back below the support zone would invalidate the setup.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trading ditutup: target tercapai
the first target has been touchedCatatan
the final target touched as well
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🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
Publikasi terkait
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.