Education
XAU/USD - Buyers Back, Next Run HigherNice day Traders, is Gold building another base before taking another shot at the highs?
OANDA:XAUUSD has already made the important structural shift. The previous descending resistance was broken, price expanded from around 4,430 to 4,700, and the broader H1 structure remains above the Ichimoku Cloud.
The latest correction has brought Gold back toward a much more interesting location.
For me, 4,560–4,600 is the zone that matters now.
If sellers push price back into this area but fail to gain acceptance below it, a fresh buyer reaction could reopen the path toward:
🎯 Target: 4,750
I’m not looking to chase around 4,630. The cleaner idea is to let Gold test support first and see whether buyers are still willing to defend the structure.
Macro provides some support today as Gold has rebounded around 0.8%, helped by concerns over US fiscal deficits, Treasury intervention in the long-end bond market and renewed geopolitical uncertainty.
At the same time, persistent US inflation keeps the risk of further Fed tightening alive, with traders now waiting for Fed Chair Kevin Warsh at Jackson Hole.
A sustained H1 move below 4,560 would make this continuation setup much less attractive and suggest the correction has more room to develop.
AURICVERSE View: Gold already proved it can expand after the breakout. The next edge is not guessing another high — it’s seeing whether 4,560–4,600 becomes the next base. If buyers defend it, 4,750 stays in play.
How are you reading this structure? Share your view below. 
Long
Long
XAUUSD: Continued Downward PressureXAUUSD is trading around $4,604, as a rebound toward the $4,640–$4,650 zone continues to face selling pressure. The price has yet to reclaim this resistance area, while the short-term structure is forming lower highs following a rejection near the $4,700 level.
Macroeconomic factors today support a corrective scenario. The DXY remains firm around 99.16, and elevated US PCE data keeps the possibility of a Fed rate hike in the coming months alive—a factor that could cap gold's upside momentum.
From a technical perspective, if XAUUSD fails to clear the $4,640–$4,650 range, I lean toward the likelihood of the price breaking below $4,590 and extending the correction toward $4,530. This bearish scenario would lose momentum if the price reclaims $4,650 and, more importantly, breaks back above $4,700. Short 
BTCUSDT: Trendline Pressure, Price PullbackBTCUSDT is trading around 78,900 USDT following a sharp rejection from the 81,000 level. While the price has staged a minor recovery, it remains below the resistance trendline, indicating that buyers have not yet fully regained control.
Macroeconomic conditions today are unfavorable for BTC. The US PCE for July rose 3.7% year-over-year—exceeding forecasts—thereby sustaining expectations that the Fed might continue raising interest rates. The DXY index is holding steady around 99.1 as the market awaits fresh signals from Jackson Hole.
From a technical perspective, if BTC rallies to the 79,200–79,500 range but faces renewed rejection at the trendline, I lean toward a scenario where the price drops back to 77,500 before extending toward the 76,500–76,600 USDT target zone.
The bearish scenario would lose momentum if BTC breaks out and firmly holds above the 79,500–80,000 level. Short 
Long
JNK India Ltd — High-Conviction Multibagger Idea# JNK India Ltd — High-Conviction Multibagger Idea 🚀
### 🏭 Business Profile
* JNK India provides critical engineering equipment for **refineries, petrochemicals, fertilizers, hydrogen and process industries**.
* Core products include **process fired heaters, reformers, furnaces, flares and process equipment**.
* It has established relationships with major Indian oil & gas companies.
* The business has meaningful technical and execution barriers for new competitors.
* Expansion into **hydrogen, renewables, offshore and process EPC** can significantly expand its addressable market.
### 📈 Earnings & Valuation
* FY26 revenue grew strongly, with **PAT growth of ~115% YoY**.
* Q1 FY27 revenue grew **~81% YoY**, while PAT increased more than 8x YoY.
* EBITDA margin is improving, supporting strong operating leverage.
* Current valuation around **~34x P/E** is not cheap, so continued earnings growth is essential.
* **Valuation risk is high, but rapid EPS growth could make today's valuation reasonable over time.**
### 🚀 Business Growth
* Order book is around **₹1,800 Cr**, providing strong medium-term revenue visibility.
* Opportunity/bidding pipeline is **₹6,000+ Cr**, creating potential for sustained order inflows.
* Management targets continued **20–25% revenue growth** with ~12–14% EBITDA margins.
* Diversification into **hydrogen, renewable energy, offshore and process EPC** creates additional growth engines.
* **High-conviction multibagger candidate** if execution, margins and order inflows remain strong over the next 3–5 years.
### 🔥 My View
**JNK India has a HIGH chance of becoming a multibagger** because the company combines strong earnings momentum, a large executable order book, a huge opportunity pipeline and multiple new growth avenues. The biggest risk is its already elevated valuation—**execution must remain excellent.**
*Not a buy/sell recommendation; do your own research.*
Education
XAUUSD – Gold Holds 4,600 Before Jackson Hole XAUUSD – Gold Holds 4,600 Before Jackson Hole
Gold is moving carefully around a very important short-term decision zone.
Price is currently trading near 4,603, holding just above the VL Buy Order area around 4,598. The market is not showing strong continuation yet, but sellers also failed to break price deeply below the weekly low.
This tells me gold is waiting for a catalyst before choosing the next clean direction.
FUNDAMENTAL VIEW
Gold is moving cautiously as traders wait for Fed Chair Kevin Warsh’s speech at the Jackson Hole Symposium.
This event may give the market more clues about the future policy path, which can directly affect the U.S. dollar, Treasury yields, and gold’s next direction.
For now, buyers are still trying to defend gold above 4,600, but momentum is not fully confirmed yet. If the USD reacts strongly after the speech, volatility may increase quickly.
TECHNICAL VIEW – SMC + FIBONACCI
From an SMC view, gold is currently moving inside a short-term descending correction after the recent bullish rally.
The first key support is the VL Buy Order zone around 4,598. This is the immediate decision area. If buyers defend this zone, gold may attempt a recovery toward the short-term resistance around 4,635 – 4,640.
Above that, the main resistance sits around 4,670. This level is important because it aligns with previous supply, Fibonacci reaction, and the upper side of the short-term correction channel.
If gold fails to hold 4,598, the deeper support zone is around 4,540. This area is marked as Buy Order Support + Trendline and may become the next important demand zone.
KEY PRICE ZONES
Current price: 4,603
VL Buy Order zone: 4,598
Short-term resistance: 4,635 – 4,640
Strong resistance: 4,670
Buy Order Support + Trendline: 4,540
Bullish reaction valid: Above 4,598
Bullish confirmation: Above 4,640
Stronger bullish breakout: Above 4,670
Short-term weakness below: 4,598
Invalidation for bullish reaction: Below 4,540
TRADING SCENARIOS
Buy Scenario – Priority Reaction
Buy Zone: 4,598
Entry: Bullish rejection, liquidity sweep, lower-timeframe CHoCH, or strong reaction from the VL Buy Order zone
SL: Below 4,590 or below the nearest swing low
TP1: 4,635 – 4,640
TP2: 4,670
Deeper Buy Scenario
Buy Zone: 4,540
Entry: Wait for clear bullish reaction from the trendline support zone
SL: Below 4,540
TP1: 4,598
TP2: 4,640
TP3: 4,670
Sell Scenario – Resistance Reaction
Sell Zone: 4,635 – 4,670
Entry: Bearish rejection, failed breakout, or lower-timeframe bearish CHoCH
SL: Above the rejection swing high
TP1: 4,598
TP2: 4,540
Breakdown Sell
Condition: Clean break below 4,598
Target: 4,540
MY VIEW
Gold is not weak yet, but buyers need to defend 4,598.
The current chart shows a pause before a bigger decision. If price holds above 4,598 and breaks the correction trendline, gold may recover toward 4,640 and 4,670.
But if 4,598 fails, the market may sweep lower toward 4,540 before buyers return.
For me, this is a confirmation setup, not a chase setup.
Gold is sitting above 4,600 before Jackson Hole — and the next reaction may decide whether the rally continues or the correction goes deeper.
Do you think gold will defend 4,598 and push toward 4,670, or will sellers force a deeper pullback first?
Long 
XAUUSD — Bearish Structure Below 4,600XAUUSD — Bearish Structure Below 4,600
Gold is starting to lose upside momentum after rejecting from the upper side of the rising channel. From this chart, the latest rebound still looks corrective, which keeps the short-term bias tilted to the downside and supports the idea of one more bearish leg.
⟡ Market structure
Price previously advanced inside an ascending channel, but after peaking near the upper boundary, momentum faded and the market began to print a weaker lower-high sequence. The Elliott Wave structure on the chart suggests wave (3) has already pushed down, wave (4) is forming as a recovery bounce, and wave (5) may still develop lower if sellers stay in control.
The first important reaction area is around 4,579–4,585, which is acting as a key decision zone. Below that, the next liquidity level sits near 4,564.602. If this level breaks cleanly, gold could continue toward the 4,520–4,525 area, where the chart marks the projected Elliott wave 5 completion and Fibonacci 1.618 target.
➤ Key levels
◌ Current price area: 4,598
◌ Reaction / decision zone: 4,579–4,585
◌ Liquidity support: 4,564.602
◌ Main bearish target: 4,520–4,525
◌ Extension target if selling accelerates: around 4,433
◌ Invalidation resistance: 4,630–4,640
⌁ Trading scenario
Entry: Sell on bearish rejection around 4,598–4,605, or after price drops back below 4,585 and retests it weakly.
Stop Loss: Above 4,640
Take Profit 1: 4,564.602
Take Profit 2: 4,520–4,525
Take Profit 3: around 4,433 if wave 5 extends further
This setup stays valid while gold remains capped below the recent lower-high area and fails to reclaim bullish momentum.
◌ Invalidation
If buyers push price back above 4,630–4,640 and hold there, the bearish wave count becomes weaker. In that case, the current downside scenario may be delayed or invalidated.
▸ Final view
Kelly’s main view remains bearish for now. The chart still supports a corrective bounce first, followed by another move lower toward liquidity and the projected wave 5 completion zone. As long as gold stays below the recent swing-high resistance, rallies are still more likely to be sold than chased higher.
Do you think gold will complete wave (5) first, or can buyers defend the structure and force a stronger recovery? Short 
XAUUSD — 4,643 Trap or 4,553 Sweep?
Gold is now trading inside a very sensitive compression area.
After the strong bullish run, price is no longer expanding cleanly. The market is now moving between the short-term uptrend support and the descending resistance line.
This is where the next move can become sharp.
The simple read
Gold is currently trading around 4,620 - 4,630.
The first resistance to watch is 4,643.
This area is marked as the Sell Zone / Liquidity Zone and also sits near the short-term downtrend pressure.
If gold pushes into 4,643 and rejects, sellers may try to push price lower toward 4,598 and 4,553.
The 4,553 area is the main downside target zone on the chart.
But if gold breaks and holds above 4,643, the bearish pressure becomes weaker and price may retest 4,670.
Key price zones
Current price area: 4,620 - 4,630
Sell liquidity zone: 4,643
Short-term resistance: 4,670
First downside reaction: 4,598
Main downside target: 4,553
Bullish pressure improves above: 4,643
Bearish pressure increases below: 4,620
Trading plan
Sell reaction scenario
If gold reaches 4,643 and rejects:
This can become the cleanest short-term resistance reaction.
Price may rotate lower toward 4,598 first.
If sellers keep control, 4,553 becomes the next major target zone.
Breakdown scenario
If gold breaks below the uptrend support:
The correction structure becomes stronger.
I will watch for continuation pressure toward 4,598 and 4,553.
Recovery scenario
If gold breaks and holds above 4,643:
The sell setup becomes weaker.
Gold may try to recover toward 4,670 before choosing the next direction.
Tiara’s View
Gold is not in a clean chase zone now.
The market is compressed between support and resistance.
4,643 is the trap zone above.
4,620 is the pressure line below.
4,553 is the main downside target if sellers win this structure.
The clean plan is simple:
Do not chase the middle.
Wait for 4,643 reaction.
Or wait for support breakdown confirmation.
Reaction first.
Confirmation second.
Trade last.
No confirmation = no trade.
Do you think gold will reject from 4,643, or break higher before the next move? Short 
Long
SENSEX — WEEKLY EXPIRY TRADING PLAN 27-Aug-2026🗓️ Date: 27-Aug-2026 | Weekly Expiry Day
🔍 Reference Close: 77,614 | CMP: 77,472.94
⚠️ Note: Levels below are mapped as per the shared chart. Kindly cross-verify index levels before applying (chart reflects Sensex-scale values — adjust proportionally if trading Nifty options).
═══════════════════════════════
📌 KEY LEVELS TO WATCH TODAY
🟢 Profit Booking Zone: 78,095 – 78,191 (Major Supply Zone)
🔴 Last Intraday Resistance: 77,877 (Extended Bullish Target)
🟠 Opening Resistance: 77,725 (First Hurdle for Bulls)
🟠 Opening Support/Resistance: 77,403 (Pivot / Flip Zone)
🟩 Last Intraday Support: 77,071 (Key Bearish Target)
═══════════════════════════════
🟢 SCENARIO 1: GAP UP OPENING (300+ pts, above 77,914)
📖 Explanation: A gap-up of 300+ points on weekly expiry reflects strong overnight bullish momentum, often driven by global cues or positive news flow. On expiry day, such large gaps can either extend (trend day) or reverse sharply (trap) as option writers aggressively defend key strikes. Since this gap opens beyond our Last Intraday Resistance (77,877), extra caution is needed — don't chase the first candle blindly.
✅ Plan of Action:
🔸 If price opens & sustains above 77,877 with strong follow-through → allow 1-2 candles to confirm, then Buy CE targeting Profit Booking Zone (78,095-78,191)
🔸 If price opens above 77,877 but shows immediate rejection/wick → treat as exhaustion gap → Buy PE targeting 77,725 → 77,403
🔸 Avoid fresh CE buying directly inside the Profit Booking Zone (78,095-78,191) — premiums richest here, high reversal probability
🔸 SL for CE: below 77,877 (re-entry into prior range) | SL for PE (on rejection): above high of the day
🎯 Targets (bullish continuation): 78,095 → 78,191+ (trail SL)
🎯 Targets (rejection/fade): 77,725 → 77,403
═══════════════════════════════
⚖️ SCENARIO 2: FLAT OPENING (within ±300 pts, 77,314 – 77,914)
📖 Explanation: A flat opening signals overnight indecision with no strong directional trigger. On weekly expiry days, flat opens typically lead to a range-bound first hour before institutional flows and option writers push price toward a decisive breakout or breakdown. Patience in the opening 15-30 minutes is essential to avoid false signals.
✅ Plan of Action:
🔸 If Sensex opens near 77,403 (Pivot Zone) → wait for a clean breakout/breakdown candle with volume confirmation
🔸 Sustained move above 77,403 → Buy CE targeting 77,725 → 77,877
🔸 Breakdown below 77,403 with follow-through → Buy PE targeting 77,071
🔸 Range Strategy: between 77,071-77,877, avoid mid-range entries — trade only confirmed rejection/breakout candles at extremes
🔸 Breakout above 77,877 → fresh CE momentum trade towards Profit Booking Zone (78,095-78,191)
🔸 Breakdown below 77,071 → fresh PE momentum trade with trailing SL (next support to be watched live)
🎯 Targets: 77,403 → 77,725 → 77,877/78,095 (bullish) OR 77,403 → 77,071 (bearish)
🛑 SL: just beyond the opposite side of the breakout candle (buffer as per volatility)
═══════════════════════════════
🔴 SCENARIO 3: GAP DOWN OPENING (300+ pts, below 77,314)
📖 Explanation: A gap-down of 300+ points reflects strong negative sentiment carried from overnight global cues or profit booking pressure. On weekly expiry, such gap-downs often trigger panic selling initially, testing the Last Intraday Support quickly. However, sharp gap-downs are also prone to strong short-covering bounces intraday — avoid blindly buying PE at the open without confirmation.
✅ Plan of Action:
🔸 If price opens & sustains below 77,071 → look for continuation with trailing SL, PE buying can be considered on retest of 77,071 as resistance (flip zone)
🔸 If price opens between 77,071-77,403 with visible reversal signs (hammer/bullish engulfing) → high-probability bounce zone → light CE buying targeting 77,403 → 77,725
🔸 Avoid fresh PE buying deep below 77,071 without fresh confirmation — sharp pullback risk is high after large gap-downs
🔸 SL for PE: above 77,403 (re-entry into range) | SL for CE bounce trade: below day's low
🎯 Targets (bearish continuation): 77,071 → trail further on strength
🎯 Targets (bounce/reversal): 77,403 → 77,725 (trail further if momentum builds)
═══════════════════════════════
🛡️ RISK MANAGEMENT TIPS FOR OPTIONS TRADING (Weekly Expiry Special)
1️⃣ Position Sizing: Max 2-3% of capital per trade — weekly expiry volatility can be extreme in both directions
2️⃣ Time Decay Awareness: Theta decay is fastest on expiry day itself — avoid holding far OTM options without quick confirmation
3️⃣ Strict Stop Loss: Predefine SL on both index level AND option premium — never average a losing option position on expiry day
4️⃣ Avoid Overtrading: High volatility tempts frequent entries — stick strictly to your plan and levels
5️⃣ Book Partial Profits: At each key level, book 50% and trail SL on the remaining position
6️⃣ Avoid Naked Buying Near Major Zones: Premiums are inflated at strong S/R zones — wait for confirmation candles
7️⃣ Track India VIX: Elevated VIX = wider expected swings, adjust position size and SL width accordingly
8️⃣ Best Trading Window: Post 9:45-10:00 AM once opening volatility settles and direction is clearer — avoid the initial 15-min trap zone
9️⃣ Beware of Gap Traps: Large gaps (300+) on expiry day are frequently faded — always wait for confirmation before committing full size
═══════════════════════════════
📝 SUMMARY & CONCLUSION
For 27-Aug-2026 Weekly Expiry, the index is expected to trade within the broad range of 77,071 (support) to 78,191 (resistance), with 77,403 acting as the key pivot/decision zone for intraday bias.
📈 Bullish Bias: Sustains above 77,403 → 77,725 → 77,877 → 78,095/78,191
📉 Bearish Bias: Sustains below 77,403 → 77,071 → further downside on confirmation
Weekly expiry days are known for sharp two-way volatility due to heavy option writing and unwinding activity. Always wait for price-action confirmation at key levels rather than anticipating moves, and respect stop losses strictly to avoid getting caught in expiry-day whipsaws. 🙏
═══════════════════════════════
⚠️ DISCLAIMER
I am NOT a SEBI registered analyst. This post is purely for EDUCATIONAL PURPOSES based on technical chart analysis and should not be construed as investment/trading advice. Trading in options/derivatives involves substantial risk of loss and is not suitable for all investors. Please consult your SEBI registered financial advisor before making any trading/investment decisions. The author holds no responsibility for any financial loss incurred based on this content.
💡 Trade Safe | Trade Smart | Manage Your Risk 💡 
Short
NIFTY : Intraday Trading Plan for 27-Aug-2028🗓️ Date: 27-Aug-2026
🔍 Reference Close: 24,276 | CMP: 24,207.75
═══════════════════════════════
📌 KEY LEVELS TO WATCH TODAY
🟢 Profit Booking Zone: 24,434 – 24,462 (Major Supply Zone)
🔴 Opening/Last Intraday Resistance: 24,344 (Breakout Trigger)
⚖️ Opening Support/Resistance: 24,246 (Pivot / Flip Level)
🟩 Last Intraday Support: 24,171 (First Cushion)
🟠 Buyer's Support Zone: 24,045 – 24,081 (Strong Demand Zone)
═══════════════════════════════
🟢 SCENARIO 1: GAP UP OPENING (100+ pts, above 24,376)
📖 Explanation: A gap-up of 100+ points reflects strong bullish sentiment carried from global cues or overnight news. Such gaps often see initial profit booking unless volume and momentum support continuation. Since this gap lands near/above our Profit Booking Zone, avoid chasing longs blindly at the open.
✅ Plan of Action:
🔸 If Nifty opens & sustains above 24,462 → wait for a small retest, 5-min candle close above confirms strength → Buy CE with trailing SL
🔸 If price opens between 24,376-24,434 & fails to cross 24,462 → treat as supply zone rejection → Buy PE targeting 24,344 → 24,246
🔸 Avoid fresh CE buying directly inside the Profit Booking Zone — premiums are richest here and reversal risk is elevated
🔸 SL for CE: below 24,434 | SL for PE (on rejection): above 24,480
🎯 Targets (bullish continuation): 24,462 → 24,500+ (trail SL)
🎯 Targets (rejection from top): 24,344 → 24,246
═══════════════════════════════
⚖️ SCENARIO 2: FLAT OPENING (within ±100 pts, 24,176 – 24,376)
📖 Explanation: A flat opening indicates indecision and lack of strong directional bias overnight. Such openings often lead to initial range-bound movement before a decisive breakout/breakdown develops as the session progresses. Patience is key — avoid impulsive entries in the first 15-30 minutes.
✅ Plan of Action:
🔸 If Nifty opens near 24,246 (Pivot Zone) → wait for clear breakout confirmation
🔸 Sustained move above 24,246 with volume → Buy CE targeting 24,344
🔸 Breakdown below 24,246 with follow-through → Buy PE targeting 24,171 → 24,081
🔸 Range Strategy: between 24,171-24,344, trade only confirmed rejection/breakout candles, avoid mid-range entries (whipsaw risk)
🔸 Breakout above 24,344 → fresh CE momentum trade towards 24,434/24,462
🔸 Breakdown below 24,171 → fresh PE momentum trade towards 24,081/24,045
🎯 Targets: 24,246 → 24,344 → 24,434/24,462 (bullish) OR 24,171 → 24,081 → 24,045 (bearish)
🛑 SL: just beyond the opposite side of the breakout candle (10-15 pt buffer on index)
═══════════════════════════════
🔴 SCENARIO 3: GAP DOWN OPENING (100+ pts, below 24,176)
📖 Explanation: A gap-down of 100+ points reflects negative overnight sentiment or profit booking pressure. Such gaps often test the Buyer's Support Zone quickly due to selling pressure, but sharp gap-downs also see strong intraday pullback rallies — avoid blind PE buying right at the open.
✅ Plan of Action:
🔸 If Nifty opens & sustains below 24,171 → look for continuation towards 24,045-24,081. PE buying can be considered on retest of 24,171 as resistance (flip zone)
🔸 If price opens between 24,081-24,171 with reversal signs (hammer/bullish engulfing) → high-probability bounce zone → light CE buying targeting 24,171 → 24,246
🔸 Avoid fresh PE buying deep inside 24,045-24,081 — strong demand pocket, premiums may not reward the risk
🔸 SL for PE: above 24,171 | SL for CE bounce trade: below 24,045
🎯 Targets (bearish continuation): 24,081 → 24,045
🎯 Targets (bounce/reversal): 24,171 → 24,246 (trail further)
═══════════════════════════════
🛡️ RISK MANAGEMENT TIPS FOR OPTIONS TRADING
1️⃣ Position Sizing: Max 2-3% of capital per trade — markets can swing sharply intraday
2️⃣ Time Decay Awareness: Theta decay works against option buyers, avoid holding OTM options without directional confirmation
3️⃣ Strict Stop Loss: Predefine SL on both the index level AND the option premium — no "gut feel" exits
4️⃣ Avoid Overtrading: Don't chase every wick, stick to the plan
5️⃣ Book Partial Profits: At each level, book 50% and trail SL on the rest
6️⃣ Avoid Naked Buying Near Major Zones: Premiums are inflated at support/resistance, wait for confirmation
7️⃣ Track India VIX: Higher VIX = wider swings, adjust position size and SL accordingly
8️⃣ Best Trading Window: Post 9:45-10:00 AM once direction confirms, avoid first 15 mins trap zone
═══════════════════════════════
📝 SUMMARY & CONCLUSION
For 27-Aug-2026, Nifty is expected to trade within the range of 24,081 (support) to 24,462 (resistance), with 24,246 acting as the key pivot/decision point for the day's directional bias.
📈 Bullish Bias: Sustains above 24,246 → 24,344 → 24,434/24,462
📉 Bearish Bias: Sustains below 24,246 → 24,171 → 24,081/24,045
Always trade with price-action confirmation at these levels rather than anticipating breakouts. Respect stop losses strictly, as false breakouts can occur around key support/resistance zones. 🙏
═══════════════════════════════
⚠️ DISCLAIMER
I am NOT a SEBI registered analyst. This post is purely for EDUCATIONAL PURPOSES based on technical chart analysis and should not be construed as investment/trading advice. Trading in options/derivatives involves substantial risk of loss and is not suitable for all investors. Please consult your SEBI registered financial advisor before making any trading/investment decisions. The author holds no responsibility for any financial loss incurred based on this content.
💡 Trade Safe | Trade Smart | Manage Your Risk 💡 Long 
XAUUSD – Upward Momentum PersistsXAUUSD is currently hovering around the $4,640–$4,660 range after pulling back from a peak near $4,700. Despite a short-term correction, the H4 structure maintains a pattern of higher highs and higher lows within an ascending channel.
Macroeconomic factors remain supportive of gold. The USD is trading near three-month lows, while the 10-year Treasury yield has declined to approximately 4.63%, creating a favorable environment for non-yielding assets like gold.
From a technical perspective, the $4,580–$4,640 zone serves as a key buying area, situated near the EMA34. If the price pulls back but attracts buying interest in this region, I expect the uptrend to resume toward $4,750, with further targets at $4,800–$4,820.
The bullish scenario would weaken if XAUUSD breaks decisively below $4,570 and exits the ascending channel structure. Long 
Education
Long
