Gold is currently respecting an ascending channel on the M15 timeframe, indicating that the short-term trend remains bullish. After rejecting the upper resistance zone, price is consolidating around the middle of the channel, suggesting that the market is waiting for its next directional move.
The key resistance lies between 4,063 - 4,074. A strong breakout and 15-minute candle close above this zone could trigger fresh buying momentum and continuation toward new intraday highs.
On the downside, the 3,961 - 3,976 demand zone remains the most important support. As long as price trades above this area and holds the channel support, buyers are likely to maintain control.
The RSI is trading near 53, reflecting neutral-to-bullish momentum. A move above 60 would strengthen the bullish outlook, while a break below 45 may signal increasing selling pressure.
🔑 Key Levels
🟢 Resistance Zone
4,063
4,074
🔵 Support Zone
3,976
3,961
📊 Technical Outlook
✅ Bullish Ascending Channel
✅ Higher Highs & Higher Lows Structure
✅ Buyers remain in control above channel support
✅ Breakout above 4,074 may continue the bullish trend
✅ Rejection from resistance could lead to a pullback toward channel support before another upside attempt.
📌 Trading Plan
Bullish Scenario:
Buy only after a confirmed breakout above 4,074 or a bullish rejection from the channel support.
Bearish Scenario:
If price loses the ascending channel and closes below 3,976, intraday selling pressure may increase toward lower support levels.
⚠️ Disclaimer: This analysis is for educational purposes only. Always wait for price action confirmation and apply proper risk management before taking any trade.
The key resistance lies between 4,063 - 4,074. A strong breakout and 15-minute candle close above this zone could trigger fresh buying momentum and continuation toward new intraday highs.
On the downside, the 3,961 - 3,976 demand zone remains the most important support. As long as price trades above this area and holds the channel support, buyers are likely to maintain control.
The RSI is trading near 53, reflecting neutral-to-bullish momentum. A move above 60 would strengthen the bullish outlook, while a break below 45 may signal increasing selling pressure.
🔑 Key Levels
🟢 Resistance Zone
4,063
4,074
🔵 Support Zone
3,976
3,961
📊 Technical Outlook
✅ Bullish Ascending Channel
✅ Higher Highs & Higher Lows Structure
✅ Buyers remain in control above channel support
✅ Breakout above 4,074 may continue the bullish trend
✅ Rejection from resistance could lead to a pullback toward channel support before another upside attempt.
📌 Trading Plan
Bullish Scenario:
Buy only after a confirmed breakout above 4,074 or a bullish rejection from the channel support.
Bearish Scenario:
If price loses the ascending channel and closes below 3,976, intraday selling pressure may increase toward lower support levels.
⚠️ Disclaimer: This analysis is for educational purposes only. Always wait for price action confirmation and apply proper risk management before taking any trade.
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.
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.