Gold is approaching a critical area on the 1-hour chart. Price is testing a descending resistance trendline that has already rejected buyers several times.
The market is currently caught between two scenarios:
🟢 Bullish scenario
A confirmed breakout above 4,080, followed by a successful retest, could open the way toward 4,120 and then 4,180–4,200.
🔴 Bearish scenario
Another rejection from resistance, combined with a breakdown below the local support area at 3,990–4,000, could trigger a move toward 3,960 and the main support trendline around 3,920–3,940.
The stochastic oscillator has reached the overbought zone and is beginning to turn lower, so entering before confirmation may be premature. The key factor is not the trendline touch itself, but the price reaction and the hourly candle close.
The key level is 4,080. Above it, buyers regain control. Below 4,000, sellers gain the advantage.
Which scenario do you expect: breakout or rejection?
The market is currently caught between two scenarios:
🟢 Bullish scenario
A confirmed breakout above 4,080, followed by a successful retest, could open the way toward 4,120 and then 4,180–4,200.
🔴 Bearish scenario
Another rejection from resistance, combined with a breakdown below the local support area at 3,990–4,000, could trigger a move toward 3,960 and the main support trendline around 3,920–3,940.
The stochastic oscillator has reached the overbought zone and is beginning to turn lower, so entering before confirmation may be premature. The key factor is not the trendline touch itself, but the price reaction and the hourly candle close.
The key level is 4,080. Above it, buyers regain control. Below 4,000, sellers gain the advantage.
Which scenario do you expect: breakout or rejection?
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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.
📊 Follow for daily Market Summary, Technical & Fundamental Analysis
👉 t.me/elibrianalytics
👉 t.me/elibrianalytics
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.