◆ Market Context (H1)
Gold is maintaining a medium-term uptrend, however, the price has reacted at the Supply Zone ~4,350 and started to adjust. The current decline is a technical pullback, with no signal of a main trend reversal.
◆ SMC & Price Action
• The upward structure remains valid as higher lows are maintained.
• Price is leaving the Supply Zone and may return to the Liquidity Buy + Fibo areas below.
• The upward trendline still acts as dynamic support for the recovery.
• No clear bearish CHoCH has appeared → prioritize the trend continuation scenario.
◆ Key Levels
• Supply / resistance: 4,350
• Liquidity Buy + Fibo: ~4,299
• Support Zone – Buy: 4,276
• Invalid upward structure: clear break of 4,276
◆ Trading Scenarios
➤ Scenario A – Pullback BUY (priority)
• Wait for price to return to Liquidity Buy + Fibo ~4,299
• Condition: price holding reaction, rejection candles
• Targets:
▪ 4,325
▪ 4,350 (Supply)
➤ Scenario B – Deeper Pullback
• If 4,299 is breached
• Monitor Support Zone 4,276 for buying reaction
• Only BUY if structure is preserved
➤ Scenario C – Break & Continue
• If price does not pull back deeply and holds above 4,325
• Follow the uptrend towards 4,350
• Manage risk at Supply
◆ Summary
• Main trend: Bullish (pullback within uptrend)
• Decision area: 4,299 → 4,276
• Upper target: 4,350
• Avoid SELL against the trend without a bearish CHoCH.
Gold is maintaining a medium-term uptrend, however, the price has reacted at the Supply Zone ~4,350 and started to adjust. The current decline is a technical pullback, with no signal of a main trend reversal.
◆ SMC & Price Action
• The upward structure remains valid as higher lows are maintained.
• Price is leaving the Supply Zone and may return to the Liquidity Buy + Fibo areas below.
• The upward trendline still acts as dynamic support for the recovery.
• No clear bearish CHoCH has appeared → prioritize the trend continuation scenario.
◆ Key Levels
• Supply / resistance: 4,350
• Liquidity Buy + Fibo: ~4,299
• Support Zone – Buy: 4,276
• Invalid upward structure: clear break of 4,276
◆ Trading Scenarios
➤ Scenario A – Pullback BUY (priority)
• Wait for price to return to Liquidity Buy + Fibo ~4,299
• Condition: price holding reaction, rejection candles
• Targets:
▪ 4,325
▪ 4,350 (Supply)
➤ Scenario B – Deeper Pullback
• If 4,299 is breached
• Monitor Support Zone 4,276 for buying reaction
• Only BUY if structure is preserved
➤ Scenario C – Break & Continue
• If price does not pull back deeply and holds above 4,325
• Follow the uptrend towards 4,350
• Manage risk at Supply
◆ Summary
• Main trend: Bullish (pullback within uptrend)
• Decision area: 4,299 → 4,276
• Upper target: 4,350
• Avoid SELL against the trend without a bearish CHoCH.
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Join Community Gold BMR_MasteTrade:
t.me/+p2iJeq3yBUYyNDJl
t.me/+p2iJeq3yBUYyNDJl
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.