Gold has delivered a strong impulsive rally after breaking above the descending trendline, shifting the immediate market structure to the upside. Price is now trading within a significant higher-timeframe supply (order block), where previous selling interest may become active.
The current focus is on how price reacts inside this resistance zone. A loss of bullish momentum or confirmed bearish rejection could lead to a corrective move toward the highlighted demand area. Conversely, sustained acceptance above the supply zone would reduce the probability of a deeper pullback and suggest continued strength.
Key Technical Levels
Major Supply: 4080–4100
Immediate Support: Around 4050
Higher-Timeframe Demand: Around 3960
Market Scenarios
Bearish Scenario:
A confirmed rejection within the supply zone, supported by bearish price action, could initiate a retracement toward lower support levels, with the highlighted demand zone remaining a key area to monitor.
Bullish Scenario:
If buyers establish acceptance above the supply zone, the current bullish structure may remain intact, increasing the likelihood of continued upside.
This analysis is based solely on price action, market structure, liquidity, trendline dynamics, and supply-demand concepts. It outlines potential market scenarios rather than predicting future price movement.
Disclaimer: This publication is intended for educational purposes only and should not be considered financial or investment advice. Always conduct your own analysis and apply disciplined risk management before making trading decisions.
The current focus is on how price reacts inside this resistance zone. A loss of bullish momentum or confirmed bearish rejection could lead to a corrective move toward the highlighted demand area. Conversely, sustained acceptance above the supply zone would reduce the probability of a deeper pullback and suggest continued strength.
Key Technical Levels
Major Supply: 4080–4100
Immediate Support: Around 4050
Higher-Timeframe Demand: Around 3960
Market Scenarios
Bearish Scenario:
A confirmed rejection within the supply zone, supported by bearish price action, could initiate a retracement toward lower support levels, with the highlighted demand zone remaining a key area to monitor.
Bullish Scenario:
If buyers establish acceptance above the supply zone, the current bullish structure may remain intact, increasing the likelihood of continued upside.
This analysis is based solely on price action, market structure, liquidity, trendline dynamics, and supply-demand concepts. It outlines potential market scenarios rather than predicting future price movement.
Disclaimer: This publication is intended for educational purposes only and should not be considered financial or investment advice. Always conduct your own analysis and apply disciplined risk management before making trading decisions.
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Gold has extended its bullish rally into a significant higher-timeframe supply zone after breaking the descending trendline. While the short-term structure remains bullish, price is now testing an area where historical selling pressure has previously emerged.The highlighted setup focuses on the potential for a corrective move if sellers defend the supply zone. A confirmed bearish rejection, supported by price action, could trigger a retracement toward the marked demand zone. However, sustained acceptance above the current resistance would weaken the bearish retracement scenario and suggest continued upside.
Key Technical Levels
Major Supply / Resistance: 4080–4100
Immediate Support: Around 4050
Higher-Timeframe Demand: Around 3963
Market Scenarios
Bearish Scenario:
A confirmed rejection from the supply zone could initiate a pullback toward lower support levels, with the highlighted demand zone acting as a key area of interest.
Bullish Scenario:
If buyers maintain control and establish acceptance above the supply zone, the broader bullish structure may remain intact, opening the door for further upside.
This analysis is based on price action, market structure, liquidity, and supply-demand concepts. It outlines potential scenarios rather than predicting future price movement.
Disclaimer: This publication is for educational purposes only and should not be considered financial or investment advice. Always wait for confirmation and apply disciplined risk management before making any trading decisions.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.