Gold is trading within a broader bearish structure after completing a large rounded-top formation and breaking lower from the previous uptrend. Price has respected the major descending path with a series of lower highs and lower lows, confirming seller dominance. Similar bearish channel and breakdown structures often signal continuation pressure toward lower support zones.
Currently, price is retesting a key ascending support trendline around the 4,120–4,130 zone, which aligns with the highlighted entry area. The recent recovery appears corrective rather than impulsive, forming a small rising channel against the main trend.
Key Levels
Entry Zone: 4,120 – 4,130
Resistance: 4,175 – 4,190
Target 1: 4,075
Target 2: 4,025
Take Profit Zone: Near 4,025 support
Invalidation: Sustained break and close above the rising corrective channel
Trading Outlook
As long as price remains below the corrective channel resistance and the broader bearish structure stays intact, sellers may look for a breakdown from the entry zone. A confirmed rejection could trigger another impulsive move lower toward the 4,025 support area.
Bias: Bearish 📉
Strategy: Sell rallies into resistance and watch for a break below support for continuation toward lower targets.
Risk Management: Wait for bearish confirmation before entering and adjust position sizing according to your trading plan.
This analysis is for educational purposes only and not financial advice.
Currently, price is retesting a key ascending support trendline around the 4,120–4,130 zone, which aligns with the highlighted entry area. The recent recovery appears corrective rather than impulsive, forming a small rising channel against the main trend.
Key Levels
Entry Zone: 4,120 – 4,130
Resistance: 4,175 – 4,190
Target 1: 4,075
Target 2: 4,025
Take Profit Zone: Near 4,025 support
Invalidation: Sustained break and close above the rising corrective channel
Trading Outlook
As long as price remains below the corrective channel resistance and the broader bearish structure stays intact, sellers may look for a breakdown from the entry zone. A confirmed rejection could trigger another impulsive move lower toward the 4,025 support area.
Bias: Bearish 📉
Strategy: Sell rallies into resistance and watch for a break below support for continuation toward lower targets.
Risk Management: Wait for bearish confirmation before entering and adjust position sizing according to your trading plan.
This analysis is for educational purposes only and not financial advice.
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t.me/+pY0XdK8LAWM0MDE0
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t.me/+pY0XdK8LAWM0MDE0
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.