📈 1️⃣ Trendline / Main Trend
The overall trend remains BULLISH as price continues to hold above the long-term ascending trendline (the lower diagonal support).
The market structure is still forming long-term Higher Lows, with no signs of a major trend breakdown.
The recent sharp decline appears to be a shakeout rather than a reversal, since price has not closed below the main trendline.
➡️ Trend Conclusion: The medium-term uptrend remains valid, and the current move is a corrective phase.
🟥 2️⃣ Resistance
🔹 5,316 – 5,320
Former breakout zone → now acting as near-term resistance.
Price may react when pulling back to retest this area.
🔹 5,438 – 5,450
Strong resistance (previous top + prior supply zone) + GAP.
A clear break and strong candle close above this zone would confirm bullish continuation.
➡️ At the moment, rallies into these zones may face short-term selling pressure.
🟩 3️⃣ Support
🔹 5,090 – 5,100
Key support zone aligned with the ascending trendline.
This area is crucial for maintaining the bullish market structure.
A strong bounce here would help preserve the medium-term uptrend.
🔹 If 5,090 is broken
Price may enter a deeper corrective phase.
The short-term bullish structure would then be invalidated.
🔻 Trade Setups
SELL GOLD: 5,316 – 5,318
Stop Loss: 5,330
Take Profit: 200 – 400 pips – Open
SELL GOLD: 5,438 – 5,440
Stop Loss: 5,452
Take Profit: 200 – 400 pips – Open
🟢 BUY Setup
BUY GOLD: 5,098 – 5,100
Stop Loss: 5,086
Take Profit: 200 – 400 pips – Open
The overall trend remains BULLISH as price continues to hold above the long-term ascending trendline (the lower diagonal support).
The market structure is still forming long-term Higher Lows, with no signs of a major trend breakdown.
The recent sharp decline appears to be a shakeout rather than a reversal, since price has not closed below the main trendline.
➡️ Trend Conclusion: The medium-term uptrend remains valid, and the current move is a corrective phase.
🟥 2️⃣ Resistance
🔹 5,316 – 5,320
Former breakout zone → now acting as near-term resistance.
Price may react when pulling back to retest this area.
🔹 5,438 – 5,450
Strong resistance (previous top + prior supply zone) + GAP.
A clear break and strong candle close above this zone would confirm bullish continuation.
➡️ At the moment, rallies into these zones may face short-term selling pressure.
🟩 3️⃣ Support
🔹 5,090 – 5,100
Key support zone aligned with the ascending trendline.
This area is crucial for maintaining the bullish market structure.
A strong bounce here would help preserve the medium-term uptrend.
🔹 If 5,090 is broken
Price may enter a deeper corrective phase.
The short-term bullish structure would then be invalidated.
🔻 Trade Setups
SELL GOLD: 5,316 – 5,318
Stop Loss: 5,330
Take Profit: 200 – 400 pips – Open
SELL GOLD: 5,438 – 5,440
Stop Loss: 5,452
Take Profit: 200 – 400 pips – Open
🟢 BUY Setup
BUY GOLD: 5,098 – 5,100
Stop Loss: 5,086
Take Profit: 200 – 400 pips – Open
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✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
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.