Retest trend- Still Bullish or Trap?

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News snapshot
Markets await Trump's inauguration policy announcements. Geopolitical tensions ease after Gaza ceasefire agreement, reducing immediate safe-haven demand. Fed rate cut expectations for 2025 remain at 2 times, with markets pricing in first cut potentially by June. Physical demand from China remains robust ahead of Lunar New Year.

📊 What I see on 2h

Price retesting the rising trendline after breaking above previous resistance. Structure still bullish – but we're at a decision point.

Key levels:

🟢 Support: 4,682 (trendline)
🔴 Resistance: 4,769 → Target 4,891

⚡️ IF–THEN

✅ IF holds 4,682 + reclaims upside → continuation toward 4,769 → 4,891

❌ IF loses 4,682 → fakeout → deeper correction

🧠 My bias

For me, this still looks like a healthy retest. But I'm not interested in guessing if it holds. I'll wait for price to show me – reject or break.

👇 Do you think trendline holds or fails?
Nota
Move SL to BE.

Penafian

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