(15m Gold):
Clear downtrend (trendline respected)
Strong break of support zone ~4680
Now price around 4595 after a sharp drop
🎯 Targets based on structure:
Upside (pullback target):
4635 – 4645 → retest of broken support (now resistance) ✅ (your marked target looks correct)
Downside (if bearish continues):
4575 – 4560 → next support zone
4530 → deeper continuation level
📊 Simple idea:
Market is bearish
Any move up is likely a pullback (sell opportunity) unless trendline breaks
Clear downtrend (trendline respected)
Strong break of support zone ~4680
Now price around 4595 after a sharp drop
🎯 Targets based on structure:
Upside (pullback target):
4635 – 4645 → retest of broken support (now resistance) ✅ (your marked target looks correct)
Downside (if bearish continues):
4575 – 4560 → next support zone
4530 → deeper continuation level
📊 Simple idea:
Market is bearish
Any move up is likely a pullback (sell opportunity) unless trendline breaks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.