Gold is currently pulling back into a key demand and support zone after failing to hold above the recent intraday highs. This reaction appears to be a healthy retracement rather than a confirmed bearish reversal. The market structure is still supported by higher lows, and the ascending trendline remains intact, suggesting buyers are defending the trend.
The recent rejection from resistance near 4,275–4,300 triggered short-term profit-taking, while some traders also reduced risk ahead of major U.S. economic data. This temporary selling pressure pushed price back toward support, but buyers are expected to watch this area closely for fresh long positions.
From a technical perspective, the Break of Structure (BOS) and the retest of the rising trendline indicate that if support around 4,220–4,230 holds, gold could regain bullish momentum. A strong bullish confirmation from this zone may open the way toward 4,280, followed by 4,300, with an extended target near 4,320.
On the other hand, traders should remain disciplined. If price closes decisively below the demand zone and breaks the rising trendline, the bullish outlook would weaken, and a deeper correction could develop. Until that happens, the overall structure continues to favor buyers.
Your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
The recent rejection from resistance near 4,275–4,300 triggered short-term profit-taking, while some traders also reduced risk ahead of major U.S. economic data. This temporary selling pressure pushed price back toward support, but buyers are expected to watch this area closely for fresh long positions.
From a technical perspective, the Break of Structure (BOS) and the retest of the rising trendline indicate that if support around 4,220–4,230 holds, gold could regain bullish momentum. A strong bullish confirmation from this zone may open the way toward 4,280, followed by 4,300, with an extended target near 4,320.
On the other hand, traders should remain disciplined. If price closes decisively below the demand zone and breaks the rising trendline, the bullish outlook would weaken, and a deeper correction could develop. Until that happens, the overall structure continues to favor buyers.
Your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
✅FREE FOREX Signals in Telegram
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/addlist/HQkSG2wvcytjYmJk
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t.me/addlist/HQkSG2wvcytjYmJk
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.
