Hi!
Trend: After a multi-month downtrend (price below SMA100), the 100-day SMA has flattened and turned up, an early sign of regime change from bearish to base-building.
Structure: a Double bottom (Feb–Apr, Jun–Aug) resolved as bullish continuations. The August breakout cleared the 11.000 resistance shelf (prior swing high) on expanding-range candles, constructive for follow-through toward the 14.362 supply zone.
Momentum: RSI printed a lower high against price's higher high near the breakout, flagged as "fake divergence." Divergence appearing mid-impulse, rather than at an extended, mature top, tends to be low-reliability; more likely a momentum reset via consolidation than an imminent reversal. Worth monitoring, not acting on alone.
Levels:
Bottom line: Bullish structural breakout with a supportive SMA trend; a near-term pullback/retest of 11.000 is plausible before continuation. RSI alone doesn't offer a strong reversal signal here.
Trend: After a multi-month downtrend (price below SMA100), the 100-day SMA has flattened and turned up, an early sign of regime change from bearish to base-building.
Structure: a Double bottom (Feb–Apr, Jun–Aug) resolved as bullish continuations. The August breakout cleared the 11.000 resistance shelf (prior swing high) on expanding-range candles, constructive for follow-through toward the 14.362 supply zone.
Momentum: RSI printed a lower high against price's higher high near the breakout, flagged as "fake divergence." Divergence appearing mid-impulse, rather than at an extended, mature top, tends to be low-reliability; more likely a momentum reset via consolidation than an imminent reversal. Worth monitoring, not acting on alone.
Levels:
- Support: 11.000 / 10.538 (breakout retest zone)
- Target: 14.362
- Invalidation: daily close back below 10.538–11.000
Bottom line: Bullish structural breakout with a supportive SMA trend; a near-term pullback/retest of 11.000 is plausible before continuation. RSI alone doesn't offer a strong reversal signal here.
עסקה פעילה
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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
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.