Gold is currently trading inside a rising channel and has pulled back toward the lower side of the structure. This move looks more like a healthy correction rather than a breakdown, as long as price continues to hold the marked support area.
If buyers step in near channel support, upside continuation remains possible toward the higher zone. A clear break below support, however, would weaken the structure and shift the bias to the downside. For now, this is a wait-and-react zone, not a chase.
⚠️ Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Trading involves risk. Please do your own research and use proper risk management.
If buyers step in near channel support, upside continuation remains possible toward the higher zone. A clear break below support, however, would weaken the structure and shift the bias to the downside. For now, this is a wait-and-react zone, not a chase.
⚠️ Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Trading involves risk. Please do your own research and use proper risk management.
Note
strictly follow stp loss as i feel a little differently at this time. Trade closed: stop reached
stop loss triggered
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Disclaimer
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Before Losing ₹5,000 on Your Next Trade, Ask Yourself: Could I Have Used It to Learn Instead?
Learn Stock Market & Options Trading practically, step-by-step & from the charts.
🎓 1:1 + Batch Training
Join via WhatsApp:wa.me/919560602464
Learn Stock Market & Options Trading practically, step-by-step & from the charts.
🎓 1:1 + Batch Training
Join via WhatsApp:wa.me/919560602464
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.