Gold remains in a short-term bullish structure, trading inside an ascending channel after a strong rebound from the 4,880–4,900 support zone.
🔎 Technical Overview:
Trend: Bullish (higher highs & higher lows)
Support Zone: 4,880 – 4,900
Entry Zone: Around 4,902
Stop Loss: Below 4,890
Target: 5,099 – 5,100 major resistance
Price is currently consolidating below the psychological 5,050–5,060 area. The structure suggests a potential continuation toward the 5,100 resistance if buyers maintain momentum.
📈 Bullish Scenario:
Holding above 4,900 keeps the structure intact.
Break and sustained move above 5,060 increases probability of reaching 5,099+.
Trendline support aligns with the demand zone, strengthening bullish bias.
⚠️ Bearish Risk:
A clean break below 4,890 would invalidate the bullish setup.
Could trigger a deeper pullback toward 4,850–4,820.
Overall bias remains bullish while price respects channel support and the 4,900 demand area.
🔎 Technical Overview:
Trend: Bullish (higher highs & higher lows)
Support Zone: 4,880 – 4,900
Entry Zone: Around 4,902
Stop Loss: Below 4,890
Target: 5,099 – 5,100 major resistance
Price is currently consolidating below the psychological 5,050–5,060 area. The structure suggests a potential continuation toward the 5,100 resistance if buyers maintain momentum.
📈 Bullish Scenario:
Holding above 4,900 keeps the structure intact.
Break and sustained move above 5,060 increases probability of reaching 5,099+.
Trendline support aligns with the demand zone, strengthening bullish bias.
⚠️ Bearish Risk:
A clean break below 4,890 would invalidate the bullish setup.
Could trigger a deeper pullback toward 4,850–4,820.
Overall bias remains bullish while price respects channel support and the 4,900 demand area.
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JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/mindgolde
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.