Gold is currently compressing between a rising short-term channel and a broader resistance trendline. Price is holding structure well, and buyers are gradually pushing higher lows into resistance.
What makes this setup interesting is the tightening range. When price compresses like this, it usually leads to expansion. If buyers manage to break and hold above the upper trendline, the upside continuation zone marked on the chart becomes active.
RSI previously showed bearish pressure, but momentum has stabilized and is now recovering. That shift supports the breakout scenario — as long as structure remains intact.
No need to predict aggressively.
If resistance breaks and holds, continuation is valid.
If price drops back below the structure and the marked risk area, the idea is invalid.
Simple structure. Clear risk. Let price confirm.
⚠️ Disclaimer
This analysis is for educational purposes only. Trading involves risk. Always manage position size and follow your own risk management plan.
What makes this setup interesting is the tightening range. When price compresses like this, it usually leads to expansion. If buyers manage to break and hold above the upper trendline, the upside continuation zone marked on the chart becomes active.
RSI previously showed bearish pressure, but momentum has stabilized and is now recovering. That shift supports the breakout scenario — as long as structure remains intact.
No need to predict aggressively.
If resistance breaks and holds, continuation is valid.
If price drops back below the structure and the marked risk area, the idea is invalid.
Simple structure. Clear risk. Let price confirm.
⚠️ Disclaimer
This analysis is for educational purposes only. Trading involves risk. Always manage position size and follow your own risk management plan.
Trade active
What a day guys, given sharpe move as we expected.
Trade closed: target reached
:)) 😊 Happy
Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
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.
Learn PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
WhatsApp to get started
Contact me: wa.me/919560602464
Join Free Telegram: tinyurl.com/5n7xsehh
SCA Registered Analyst→Dubai
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.