📈 1. Trend & Market Structure
Current Trend: Strong Bearish
Gold has broken below the key support zone around 3,970–3,975, confirming the continuation of the bearish trend.
The EMA9 (~3,998) remains below the EMA89 (~4,049), with both moving averages sloping downward, confirming that both the short-term and medium-term trends remain firmly bearish.
Price continues to print a sequence of Lower Highs and Lower Lows, indicating that sellers remain in full control of the market.
The descending trendline from the recent high near 4,090 remains intact and continues to act as dynamic resistance.
👉 Current Trend: Bearish continuation. Selling with the trend remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
After failing to break above the 4,050–4,060 resistance zone, gold sold off sharply, breaking below horizontal support and is now approaching the key demand area around 3,940–3,945.
A short-term technical pullback is likely before the market determines its next directional move.
Key Observations
🔴 Price has broken below the 3,970 support level, turning it into a new resistance zone.
🔴 Both EMA9 and EMA89 are sloping downward, confirming that bearish momentum remains strong.
🔴 RSI is hovering around 22, indicating deeply oversold conditions. While this may trigger a short-term rebound, it is not yet a confirmed trend reversal.
🔴 The momentum histogram continues to expand in negative territory, showing that selling pressure remains dominant.
🔴 Unless price breaks back above the descending trendline or the 3,995–4,000 resistance zone, the probability of a continued decline toward 3,940, and potentially 3,900–3,910, remains higher.
---------------------
SELL GOLD zone : 4000 - 4003
SL : 4008
TP : 3982 - 3960 - 3935
---------------------
Current Trend: Strong Bearish
Gold has broken below the key support zone around 3,970–3,975, confirming the continuation of the bearish trend.
The EMA9 (~3,998) remains below the EMA89 (~4,049), with both moving averages sloping downward, confirming that both the short-term and medium-term trends remain firmly bearish.
Price continues to print a sequence of Lower Highs and Lower Lows, indicating that sellers remain in full control of the market.
The descending trendline from the recent high near 4,090 remains intact and continues to act as dynamic resistance.
👉 Current Trend: Bearish continuation. Selling with the trend remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
After failing to break above the 4,050–4,060 resistance zone, gold sold off sharply, breaking below horizontal support and is now approaching the key demand area around 3,940–3,945.
A short-term technical pullback is likely before the market determines its next directional move.
Key Observations
🔴 Price has broken below the 3,970 support level, turning it into a new resistance zone.
🔴 Both EMA9 and EMA89 are sloping downward, confirming that bearish momentum remains strong.
🔴 RSI is hovering around 22, indicating deeply oversold conditions. While this may trigger a short-term rebound, it is not yet a confirmed trend reversal.
🔴 The momentum histogram continues to expand in negative territory, showing that selling pressure remains dominant.
🔴 Unless price breaks back above the descending trendline or the 3,995–4,000 resistance zone, the probability of a continued decline toward 3,940, and potentially 3,900–3,910, remains higher.
---------------------
SELL GOLD zone : 4000 - 4003
SL : 4008
TP : 3982 - 3960 - 3935
---------------------
Trade attivo
Buying pressure recovered to 4000 and continued to accumulate.Trade chiuso: obiettivo raggiunto
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💠 Trend analysis: XAU, BTC, Currency,...
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
