Hello trader,
Gold continues to oscillate within an accumulation zone following its recent recovery. While the overall trend leans towards an increase, a stronger breakout requires clear confirmation at key resistance-support levels.
Strong Resistance: 3760 – 3770, confluence with the Fibonacci extension zone. This is a pivotal level if the price aims to set a new ATH in the mid-term.
Key Level Sell: 3685 – 3695, currently a short-term resistance zone. If the price fails to break through, gold may face downward pressure.
Important Support:
3564 – 3574: mid-term support.
3534 – 3540: deep support zone, aligning with previous liquidity.
MACD H4: Histogram remains weak, momentum is unclear → the market needs further confirmation to clarify the trend direction.
Trading Scenarios
Bullish Scenario
Condition: Price breaks above 3695 and holds.
Entry: Retest 3665 – 3668.
Target: 3680-3698-3715-3730 – 3760 – 3770.
Extension: If successfully surpassing 3770 → expect a move towards 3800+.
Bearish Scenario
Condition: Price fails at 3695 and reverses.
Entry: Sell at 3685 – 3695 when a rejection signal appears.
Target: 3672-3655-3635 – 3600 – 3574.
Extension: If 3574 breaks, the decline may target 3540, or even lower.
Mid-term Scenario
Price may retest 3534 – 3550 to gather liquidity, then rebound according to the larger trend. This will be an attractive long-term Buy zone.
The gold market is at a crucial stage: buyers need to break 3695 to confirm an uptrend, while sellers still have opportunities at the short-term resistance zone. Deep support areas will continue to serve as the foundation for mid-term Buy strategies.
Keep a close eye on the 3695 and 3760 – 3770 zones to determine the next direction.
Stay tuned for the latest scenarios as the price structure evolves.
Gold continues to oscillate within an accumulation zone following its recent recovery. While the overall trend leans towards an increase, a stronger breakout requires clear confirmation at key resistance-support levels.
Strong Resistance: 3760 – 3770, confluence with the Fibonacci extension zone. This is a pivotal level if the price aims to set a new ATH in the mid-term.
Key Level Sell: 3685 – 3695, currently a short-term resistance zone. If the price fails to break through, gold may face downward pressure.
Important Support:
3564 – 3574: mid-term support.
3534 – 3540: deep support zone, aligning with previous liquidity.
MACD H4: Histogram remains weak, momentum is unclear → the market needs further confirmation to clarify the trend direction.
Trading Scenarios
Bullish Scenario
Condition: Price breaks above 3695 and holds.
Entry: Retest 3665 – 3668.
Target: 3680-3698-3715-3730 – 3760 – 3770.
Extension: If successfully surpassing 3770 → expect a move towards 3800+.
Bearish Scenario
Condition: Price fails at 3695 and reverses.
Entry: Sell at 3685 – 3695 when a rejection signal appears.
Target: 3672-3655-3635 – 3600 – 3574.
Extension: If 3574 breaks, the decline may target 3540, or even lower.
Mid-term Scenario
Price may retest 3534 – 3550 to gather liquidity, then rebound according to the larger trend. This will be an attractive long-term Buy zone.
The gold market is at a crucial stage: buyers need to break 3695 to confirm an uptrend, while sellers still have opportunities at the short-term resistance zone. Deep support areas will continue to serve as the foundation for mid-term Buy strategies.
Keep a close eye on the 3695 and 3760 – 3770 zones to determine the next direction.
Stay tuned for the latest scenarios as the price structure evolves.
🔥 BrianLionCapital – Where Top Traders Unite
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
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🔥 BrianLionCapital – Where Top Traders Unite
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
Powiązane publikacje
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.