Hello Traders!
Gold witnessed a sharp intraday pullback after rejecting from the upper boundary of the ascending channel. However, price is now approaching an important support cluster near the lower channel structure.
This zone becomes technically important because it combines:
• Channel support
• Previous reaction area
• Liquidity sweep region
• Short-term demand zone
At the moment, the broader structure still remains intact as long as price continues respecting the channel support area.
What the Chart Shows
Disclaimer
This analysis is shared purely for educational purposes and reflects a personal market view based on technical structure. Please manage risk properly and do your own research before making trading decisions.
— TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
Gold witnessed a sharp intraday pullback after rejecting from the upper boundary of the ascending channel. However, price is now approaching an important support cluster near the lower channel structure.
This zone becomes technically important because it combines:
• Channel support
• Previous reaction area
• Liquidity sweep region
• Short-term demand zone
At the moment, the broader structure still remains intact as long as price continues respecting the channel support area.
What the Chart Shows
- Gold trading inside a clear ascending channel structure
- Sharp sell-off after temporary exhaustion near highs
- Price now reacting near lower channel support
- Support cluster forming around liquidity sweep zone
- Potential recovery scenario if buyers step back in
Disclaimer
This analysis is shared purely for educational purposes and reflects a personal market view based on technical structure. Please manage risk properly and do your own research before making trading decisions.
— TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
Trade active
It took stop lossTrade closed: target reached
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Learn Profitable Trading Strategies That Work in Every Market
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🎯 77% Historical Accuracy
📲 Join via WhatsApp:
wa.me/919560602464
Join Free Telegram:
tinyurl.com/5n7xsehh
📈 High-Probability Trading Signals | Stocks & Index F&O
🎯 77% Historical Accuracy
📲 Join via WhatsApp:
wa.me/919560602464
Join Free Telegram:
tinyurl.com/5n7xsehh
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.