The market is currently forming an upward wave, with quotes testing the $4,870 level as it moves within an ascending channel. While the long-term structure remains bullish, the price is now heading toward a major Order Block and supply cluster between $5,075 and $5,115. This zone represents the "last support level pre-breakdown," and a small rejection is expected here as sellers look to fade the recent strength.
Technical Evidence:
Order Block Approach: Gold is moving toward the $5,110 – $5,180 zone, which aligns with the upper boundary of a bearish Wolfe Wave pattern.
Expected Rejection: Analysts anticipate a "second wave of selling" at these levels, as the break below the psychological $5,000 mark earlier this month remains a major bearish signal.
Momentum Exhaustion: Indicators suggest that if the market fails to consolidate above $4,955, it will remain in a "correction phase," likely triggering a pullback to re-test lower liquidity.
FVG Magnet: Below the current price, a Fair Value Gap sits near $4,725, which may act as a magnet if the rejection at the $5,115 order block is sharp.
Neutral / Invalidation Dashboard
Bearish Case: A rejection at $5,115 confirms the "Rising Wedge" breakdown and sets the stage for a drop to $4,400.
Bullish Case: A clean consolidation above $5,115 invalidates the rejection thesis and opens a parabolic path toward $5,330 – $5,480.
Final Thought: We are heading straight for that $5,115 Order Block. Watch for a "small rejection" and bearish engulfing candles on the H1/H4 charts to confirm that the big money is defending this supply zone before you commit to a deeper short.
Technical Evidence:
Order Block Approach: Gold is moving toward the $5,110 – $5,180 zone, which aligns with the upper boundary of a bearish Wolfe Wave pattern.
Expected Rejection: Analysts anticipate a "second wave of selling" at these levels, as the break below the psychological $5,000 mark earlier this month remains a major bearish signal.
Momentum Exhaustion: Indicators suggest that if the market fails to consolidate above $4,955, it will remain in a "correction phase," likely triggering a pullback to re-test lower liquidity.
FVG Magnet: Below the current price, a Fair Value Gap sits near $4,725, which may act as a magnet if the rejection at the $5,115 order block is sharp.
Neutral / Invalidation Dashboard
Bearish Case: A rejection at $5,115 confirms the "Rising Wedge" breakdown and sets the stage for a drop to $4,400.
Bullish Case: A clean consolidation above $5,115 invalidates the rejection thesis and opens a parabolic path toward $5,330 – $5,480.
Final Thought: We are heading straight for that $5,115 Order Block. Watch for a "small rejection" and bearish engulfing candles on the H1/H4 charts to confirm that the big money is defending this supply zone before you commit to a deeper short.
거래청산: 타겟 닿음
📊Trading isn’t gambling it’s about strategy discipline and smart risk management
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊Trading isn’t gambling it’s about strategy discipline and smart risk management
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
Don’t blindly copy signals understand the logic behind them.⚡
🔗 Telegram Channel: t.me/Vaults_X_Traders
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.