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What are your thoughts on Gold?
Gold has spent the past several weeks trading under a clear descending trendline, with each recovery attracting fresh selling pressure. That structure has recently started to change. Price finally broke above the trendline, suggesting that the bearish momentum controlling the market may be losing strength.
Since the breakout, Gold has failed to extend higher and is now pulling back toward the 4,225–4,260 support zone. Rather than viewing this decline as immediately bearish, I see it as an important test of whether buyers can defend the new structure. A liquidity sweep into this area followed by a strong rejection would make the bullish setup more convincing.
If buyers regain control from this zone, 4,435 becomes the first key upside target. A sustained break above that level could then expose 4,520, where the next major resistance is located.
For now, the support zone is the key. As long as Gold remains above 4,225, the broader recovery scenario stays intact. A decisive H4 close below this level would weaken the bullish structure and invalidate the current setup.
Patience matters here. Instead of chasing price, I would rather see how Gold reacts when it reaches support.
If you found this analysis useful, leave a like and share your perspective below.
How are you reading this structure? Share your view below. Good luck with your trades! ❤️
This analysis reflects a technical market view and is not financial advice.
What are your thoughts on Gold?
Gold has spent the past several weeks trading under a clear descending trendline, with each recovery attracting fresh selling pressure. That structure has recently started to change. Price finally broke above the trendline, suggesting that the bearish momentum controlling the market may be losing strength.
Since the breakout, Gold has failed to extend higher and is now pulling back toward the 4,225–4,260 support zone. Rather than viewing this decline as immediately bearish, I see it as an important test of whether buyers can defend the new structure. A liquidity sweep into this area followed by a strong rejection would make the bullish setup more convincing.
If buyers regain control from this zone, 4,435 becomes the first key upside target. A sustained break above that level could then expose 4,520, where the next major resistance is located.
For now, the support zone is the key. As long as Gold remains above 4,225, the broader recovery scenario stays intact. A decisive H4 close below this level would weaken the bullish structure and invalidate the current setup.
Patience matters here. Instead of chasing price, I would rather see how Gold reacts when it reaches support.
If you found this analysis useful, leave a like and share your perspective below.
How are you reading this structure? Share your view below. Good luck with your trades! ❤️
This analysis reflects a technical market view and is not financial advice.
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🚀 SMART CRYPTO TRADING STARTS HERE!
BTC • ETH • ALTCOINS
🎯 Daily Signals | Entry • TP • SL
⚡ Real-Time Alerts & Market Insights
💎 VIP Signals & Private Support
🔥 TRADE SMARTER. STAY AHEAD.
👇 JOIN OUR COMMUNITY
t.me/+22Cs-Z14bJg3NDJl
BTC • ETH • ALTCOINS
🎯 Daily Signals | Entry • TP • SL
⚡ Real-Time Alerts & Market Insights
💎 VIP Signals & Private Support
🔥 TRADE SMARTER. STAY AHEAD.
👇 JOIN OUR COMMUNITY
t.me/+22Cs-Z14bJg3NDJl
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.