1. Trend
Short-term bias: Bullish.
Price is forming a series of Higher Lows (HL) from the 3,960 area.
A rising trendline is supporting the current recovery.
EMA9 is above price and turning upward, while price is attempting to hold above the short-term bullish structure.
However, EMA89 is still slightly above price, meaning the medium-term trend has not fully turned bullish yet.
➡️ The market is currently in a bullish recovery phase within a broader neutral-to-bearish structure.
2. Key Resistance
4,028–4,030
Immediate resistance.
Previous swing high and H1 supply zone.
A breakout above this level would strengthen bullish momentum.
4,068–4,070
Major resistance.
Next upside target if price confirms a breakout above 4,030.
3. Key Support
4,010–4,012
Immediate support.
Confluence of the rising trendline and recent breakout area.
Holding above this zone keeps the bullish setup valid.
3,982–3,985
Major support.
A break below this area would invalidate the short-term bullish structure and expose the market to further downside.
--------------
BUY GOLD : zone 4010 - 4007
SL : 4002
TP : 4018 - 4030 - 4055
--------------
Short-term bias: Bullish.
Price is forming a series of Higher Lows (HL) from the 3,960 area.
A rising trendline is supporting the current recovery.
EMA9 is above price and turning upward, while price is attempting to hold above the short-term bullish structure.
However, EMA89 is still slightly above price, meaning the medium-term trend has not fully turned bullish yet.
➡️ The market is currently in a bullish recovery phase within a broader neutral-to-bearish structure.
2. Key Resistance
4,028–4,030
Immediate resistance.
Previous swing high and H1 supply zone.
A breakout above this level would strengthen bullish momentum.
4,068–4,070
Major resistance.
Next upside target if price confirms a breakout above 4,030.
3. Key Support
4,010–4,012
Immediate support.
Confluence of the rising trendline and recent breakout area.
Holding above this zone keeps the bullish setup valid.
3,982–3,985
Major support.
A break below this area would invalidate the short-term bullish structure and expose the market to further downside.
--------------
BUY GOLD : zone 4010 - 4007
SL : 4002
TP : 4018 - 4030 - 4055
--------------
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
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.
