Market Structure:
Gold is moving in a bullish ascending channel, making higher highs and higher lows. Overall intraday bias remains bullish as long as price holds above channel support.
Key Pattern:
Price respected the rising channel after a previous harmonic/structure completion on the left. The recent consolidation near the upper half of the channel suggests bullish continuation rather than reversal.
Support Zone:
4,830 – 4,860
This area aligns with channel support and previous demand. Holding above this zone keeps buyers in control.
Entry Idea (Buy on Dip):
Entry: ~4,829
Wait for bullish confirmation (strong bullish candle / rejection wick) from the support zone.
Stop Loss:
Below 4,790
A break below channel support would invalidate the setup.
Targets:
TP1: ~4,930 (near-term resistance)
TP2: ~5,087 (channel upper boundary / projected move)
Risk Sentiment:
Favorable risk–reward, trend-aligned trade. Avoid buys if price breaks and closes below the channel.
Bias: ✅ Bullish continuation while above support
Invalidation: ❌ Sustained break below the rising channel
Gold is moving in a bullish ascending channel, making higher highs and higher lows. Overall intraday bias remains bullish as long as price holds above channel support.
Key Pattern:
Price respected the rising channel after a previous harmonic/structure completion on the left. The recent consolidation near the upper half of the channel suggests bullish continuation rather than reversal.
Support Zone:
4,830 – 4,860
This area aligns with channel support and previous demand. Holding above this zone keeps buyers in control.
Entry Idea (Buy on Dip):
Entry: ~4,829
Wait for bullish confirmation (strong bullish candle / rejection wick) from the support zone.
Stop Loss:
Below 4,790
A break below channel support would invalidate the setup.
Targets:
TP1: ~4,930 (near-term resistance)
TP2: ~5,087 (channel upper boundary / projected move)
Risk Sentiment:
Favorable risk–reward, trend-aligned trade. Avoid buys if price breaks and closes below the channel.
Bias: ✅ Bullish continuation while above support
Invalidation: ❌ Sustained break below the rising channel
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JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.