Following last week's aggressive selloff, gold is showing signs of stabilization and short-term recovery. Price has formed an ascending triangle structure on the M30 timeframe, with buyers gradually pushing higher lows while testing a descending resistance trendline.
For the US session, the bullish recovery scenario remains valid as long as price continues to respect the ascending trendline support. A confirmed breakout above the triangle could open the door for a stronger recovery toward higher resistance levels.
☑️ Primary Scenario – Bullish Recovery
Price remains above the ascending trendline.
Ascending triangle structure stays intact.
Look for bullish confirmation on breakout or retest.
Target 1: 4271
Target 2: 4334
📉 Alternative Scenario – Bearish Breakdown
Price breaks and closes below the ascending trendline.
Demand zone around 4140–4150 fails to hold.
Gold may revisit lower support levels.
Downside targets: 4120 – 4080
Demand Zone
4140 – 4150
Breakout Zone
4210 – 4230
Recovery Targets
4271 – 4334
Session Bias
🟢 Bullish Recovery
As long as the higher-low structure remains intact on M30, pullbacks are considered opportunities to participate in the ongoing recovery move. A breakout above resistance would further strengthen the bullish case for the US session.
For the US session, the bullish recovery scenario remains valid as long as price continues to respect the ascending trendline support. A confirmed breakout above the triangle could open the door for a stronger recovery toward higher resistance levels.
☑️ Primary Scenario – Bullish Recovery
Price remains above the ascending trendline.
Ascending triangle structure stays intact.
Look for bullish confirmation on breakout or retest.
Target 1: 4271
Target 2: 4334
📉 Alternative Scenario – Bearish Breakdown
Price breaks and closes below the ascending trendline.
Demand zone around 4140–4150 fails to hold.
Gold may revisit lower support levels.
Downside targets: 4120 – 4080
Demand Zone
4140 – 4150
Breakout Zone
4210 – 4230
Recovery Targets
4271 – 4334
Session Bias
🟢 Bullish Recovery
As long as the higher-low structure remains intact on M30, pullbacks are considered opportunities to participate in the ongoing recovery move. A breakout above resistance would further strengthen the bullish case for the US session.
Trade attivo
Gold hit tp1 - tp2
Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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Emma Diamond | Gold Scalping & Market Analysis
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
Sharing macro insights, XAUUSD trend analysis, and high-probability scalping setups with disciplined risk management.
t.me/+tQGX4PFCCF0zMzI9
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.