- After peaking around the (5186 - 5193) region, the price formed a Lower High in the (5120 - 5122) area and continued to break through the support structure (5050 - 5060), simultaneously breaking the uptrend line, indicating that selling pressure is gradually gaining dominance in the market.
- On the (H1) timeframe, a bearish DOW structure has formed with a series of Lower High - Lower Low. Simultaneously, the multi-time EMA (H4-H2-H1) has confirmed the downtrend as the EMA 34 crossed below the EMA 89, reflecting the weakening of the previous upward momentum.
- The (5050 - 5060) region is currently a significant resistance zone; a breakout of this zone will trigger a short-term uptrend. The (4983 - 4996) region is currently a crucial support zone; a breakout of this zone would open up a wider downward movement in the market.
✅ VIEW:
1. SELL SCENARIO:
- The market is likely to retest the broken supply zone before continuing its downward trend.
- The resistance zone (5050 - 5060) is important because it is a confluence of resistance, Fibonacci retracement, descending trendline, and EMA.
=> If the price cannot break through this zone, the market is likely to continue its downtrend.
=> If the price breaks through the (4983 - 4996) zone, the downward momentum will extend further, with the next nearest targets being the (4905 - 4908) and (4851 - 4954) zones.
2. BUY SCENARIO:
- Breakout of the descending trendline.
- The (H4) candle confirms closing above the EMA zone.
- Price breaks out of the resistance zone (5050 - 5060).
=> If the above conditions are confirmed, the market may enter a short-term recovery phase.
=> The target is the resistance zone (5120 - 5122).
=> It should be noted that only when the price breaks out of the (5120 - 5122) zone will the uptrend truly extend and confirm a change in market structure.
SELL LIMIT GOLD: 5049 - 5051
STOPLOSS : 5055
✅TP1: 5046
✅TP2: 5029
SELL LIMIT GOLD: 5118 - 5120
STOPLOSS : 5124
✅TP1: 5115
✅TP2: 5098
BUY LIMIT GOLD: 4906 - 4908
STOPLOSS : 4902
✅TP1: 4911
✅TP2: 4923
- On the (H1) timeframe, a bearish DOW structure has formed with a series of Lower High - Lower Low. Simultaneously, the multi-time EMA (H4-H2-H1) has confirmed the downtrend as the EMA 34 crossed below the EMA 89, reflecting the weakening of the previous upward momentum.
- The (5050 - 5060) region is currently a significant resistance zone; a breakout of this zone will trigger a short-term uptrend. The (4983 - 4996) region is currently a crucial support zone; a breakout of this zone would open up a wider downward movement in the market.
✅ VIEW:
1. SELL SCENARIO:
- The market is likely to retest the broken supply zone before continuing its downward trend.
- The resistance zone (5050 - 5060) is important because it is a confluence of resistance, Fibonacci retracement, descending trendline, and EMA.
=> If the price cannot break through this zone, the market is likely to continue its downtrend.
=> If the price breaks through the (4983 - 4996) zone, the downward momentum will extend further, with the next nearest targets being the (4905 - 4908) and (4851 - 4954) zones.
2. BUY SCENARIO:
- Breakout of the descending trendline.
- The (H4) candle confirms closing above the EMA zone.
- Price breaks out of the resistance zone (5050 - 5060).
=> If the above conditions are confirmed, the market may enter a short-term recovery phase.
=> The target is the resistance zone (5120 - 5122).
=> It should be noted that only when the price breaks out of the (5120 - 5122) zone will the uptrend truly extend and confirm a change in market structure.
SELL LIMIT GOLD: 5049 - 5051
STOPLOSS : 5055
✅TP1: 5046
✅TP2: 5029
SELL LIMIT GOLD: 5118 - 5120
STOPLOSS : 5124
✅TP1: 5115
✅TP2: 5098
BUY LIMIT GOLD: 4906 - 4908
STOPLOSS : 4902
✅TP1: 4911
✅TP2: 4923
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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.