
After a strong impulsive rally, price consolidated within mid-channel structure and absorbed supply. The breakout above 5,100 followed by a controlled pullback suggests accumulation rather than distribution. As long as price holds above the flip zone, continuation toward upper channel liquidity remains favored.
Key Scenarios
✅ Bullish Case 🚀
• Hold above 5,080
• Maintain structure above channel support
• 🎯 Target 1: 5,200
• 🎯 Target 2: 5,350
• 🎯 Target 3: 5,500+
❌ Bearish Case 📉
• Break below 5,000
• 🎯 Target 1: 4,920
• 🎯 Target 2: 4,800
• 🎯 Target 3: 4,600

Current Levels to Watch
Resistance 🔴: 5,200
Major Resistance 🔴: 5,350 – 5,500
Support 🟢: 5,080 – 5,120
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice
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Selena LIVE Market Capture
And LIVE Gold Signals here
t.me/Selenaforex
And LIVE Gold Signals here
t.me/Selenaforex
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.
