Gold is still trading inside a rising channel on H4, but recent price action shows signs of hesitation near the upper structure.
🌍 Macro Narrative
Several key developments are influencing gold:
• US–Iran ceasefire remains fragile with renewed tension risks
• Trump rejected Iran’s proposed peace framework, signaling uncertainty
• Strait of Hormuz disruptions continue to threaten oil supply
• Oil volatility keeps inflation expectations unstable
⚠️ Market Context
Recent developments show:
• Market reacting less to headlines, more to expectations
• Inflation risk remains a key driver
• Traders shifting focus toward macro data (PCE / CPI)
👉 Result: price enters a corrective phase inside trend
🧠 Technical Overview (H4)
From a structural perspective:
• Price remains inside an ascending channel
• Recent rejection near upper boundary suggests short-term weakness
• Potential pullback toward Fibo 0.5 (~4,484)
• Intermediate support at 4,612
• Resistance remains at 4,708 → 4,816
👉 This suggests:
A pullback within trend rather than full reversal (for now)
📌 Key Levels
🟢 Support: 4,612
🟢 Major Support (Fibo 0.5): 4,484
🔴 Resistance: 4,708 – 4,816
🚀 Scenario 1 — Bullish (Continuation)
If price holds above 4,612 and shows bullish reaction:
Buyers may step back in.
Potential path:
4,708 → 4,816 → continuation higher
⚠️ Scenario 2 — Bearish (Pullback)
If support breaks:
The correction may extend deeper.
Price could:
• Move toward 4,484 (Fibo 0.5)
• Sweep liquidity before next move
Market Debate
Markets often retrace before continuation — especially inside a channel structure.
So the key question now is:
Is gold preparing for another push higher…
or building a deeper correction before the real move?
🌍 Macro Narrative
Several key developments are influencing gold:
• US–Iran ceasefire remains fragile with renewed tension risks
• Trump rejected Iran’s proposed peace framework, signaling uncertainty
• Strait of Hormuz disruptions continue to threaten oil supply
• Oil volatility keeps inflation expectations unstable
⚠️ Market Context
Recent developments show:
• Market reacting less to headlines, more to expectations
• Inflation risk remains a key driver
• Traders shifting focus toward macro data (PCE / CPI)
👉 Result: price enters a corrective phase inside trend
🧠 Technical Overview (H4)
From a structural perspective:
• Price remains inside an ascending channel
• Recent rejection near upper boundary suggests short-term weakness
• Potential pullback toward Fibo 0.5 (~4,484)
• Intermediate support at 4,612
• Resistance remains at 4,708 → 4,816
👉 This suggests:
A pullback within trend rather than full reversal (for now)
📌 Key Levels
🟢 Support: 4,612
🟢 Major Support (Fibo 0.5): 4,484
🔴 Resistance: 4,708 – 4,816
🚀 Scenario 1 — Bullish (Continuation)
If price holds above 4,612 and shows bullish reaction:
Buyers may step back in.
Potential path:
4,708 → 4,816 → continuation higher
⚠️ Scenario 2 — Bearish (Pullback)
If support breaks:
The correction may extend deeper.
Price could:
• Move toward 4,484 (Fibo 0.5)
• Sweep liquidity before next move
Market Debate
Markets often retrace before continuation — especially inside a channel structure.
So the key question now is:
Is gold preparing for another push higher…
or building a deeper correction before the real move?
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Clear setups & risk management ✨
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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.
Daily market views & trading signals 💋
Free Channel 👉 Link in Bio
Clear setups & risk management ✨
Trade together with SeSeLinaa.Gold
👉 Link in Bio
Free Channel 👉 Link in Bio
Clear setups & risk management ✨
Trade together with SeSeLinaa.Gold
👉 Link in Bio
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.