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What are your thoughts on Gold?
Gold has successfully reclaimed the $4,000 support zone following its recent sharp decline, triggering a corrective rebound from a key demand area.
Despite this recovery, the broader market structure remains bearish. The current advance is viewed as a corrective pullback within the prevailing downtrend, with price expected to extend toward the $4,170–4,270 resistance zone, where sellers could re-enter the market.
This resistance area is supported by a strong technical confluence:
Major supply zone around $4,200
Descending trendline resistance
50%–61.8% Fibonacci retracement levels
As long as price remains below $4,270, the bearish outlook remains intact. A rejection from this confluence could trigger the next bearish leg, with the first downside target at $3,890.
A decisive break below this support would open the door for a move toward lower support levels, reinforcing the broader bearish trend.
A sustained break and close above $4,270 would invalidate the bearish outlook and signal that a stronger bullish recovery is underway, potentially opening the door for a move toward the next resistance levels.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
What are your thoughts on Gold?
Gold has successfully reclaimed the $4,000 support zone following its recent sharp decline, triggering a corrective rebound from a key demand area.
Despite this recovery, the broader market structure remains bearish. The current advance is viewed as a corrective pullback within the prevailing downtrend, with price expected to extend toward the $4,170–4,270 resistance zone, where sellers could re-enter the market.
This resistance area is supported by a strong technical confluence:
Major supply zone around $4,200
Descending trendline resistance
50%–61.8% Fibonacci retracement levels
As long as price remains below $4,270, the bearish outlook remains intact. A rejection from this confluence could trigger the next bearish leg, with the first downside target at $3,890.
A decisive break below this support would open the door for a move toward lower support levels, reinforcing the broader bearish trend.
A sustained break and close above $4,270 would invalidate the bearish outlook and signal that a stronger bullish recovery is underway, potentially opening the door for a move toward the next resistance levels.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
Anulowano zlecenie
The price dropped without making the anticipated corrective move.
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
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.