Hi!
Market Context
Gold is showing early weakness after breaking the lower boundary of the triangle structure. The previous dynamic support (trendline) is now acting as resistance, which usually signals a shift in short-term momentum.
Structure & Key Signals
Scenario Outlook
Price may attempt a small pullback toward the broken structure, but as long as price stays below the supply zone and trendline, downside remains the higher-probability path.
Target Zones 🎯
First downside target: 4,880 – 4,850
Main target (as marked): ≈ 4,805 support zone
Invalidation
Sustained reclaim above the supply zone and trendline would weaken the bearish setup.
Market Context
Gold is showing early weakness after breaking the lower boundary of the triangle structure. The previous dynamic support (trendline) is now acting as resistance, which usually signals a shift in short-term momentum.
Structure & Key Signals
- Triangle bottom trendline → Broken
- Retest attempt → Weak reaction
- Lower high formation → Bearish pressure building
Scenario Outlook
Price may attempt a small pullback toward the broken structure, but as long as price stays below the supply zone and trendline, downside remains the higher-probability path.
Target Zones 🎯
First downside target: 4,880 – 4,850
Main target (as marked): ≈ 4,805 support zone
Invalidation
Sustained reclaim above the supply zone and trendline would weaken the bearish setup.
Trade attivo
Trade chiuso: obiettivo raggiunto
close %75 of the short position here
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Pubblicazioni correlate
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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.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
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.