Gold remains in a clear short-term uptrend, forming higher highs and higher lows within an ascending structure. Price recently broke above the minor trendline resistance and is now pulling back toward a key SBR (Support-Become-Resistance turned Support) bullish zone.
🔹 Key Structure
Trend: Bullish (ascending channel)
Breakout confirmed above prior structure high
Healthy pullback expected into demand
🔹 Bullish Zone
Support Area: 5,034 – 5,066
This zone aligns with:
Previous breakout structure
Dynamic trendline support
Short-term imbalance area
As long as price holds above this region, buyers maintain control.
🎯 Upside Targets
Primary Target: 5,159 – 5,161
Extension potential if momentum continues toward new highs.
❌ Invalidation
Sustained break and close below 5,034
Deeper weakness below 5,005 would shift short-term bias bearish
Summary
The structure favors a buy-the-dip scenario into the SBR zone. Momentum remains bullish unless key support fails. Watching for bullish confirmation (rejection candles / strong bullish close) inside the highlighted demand area before continuation.
🔹 Key Structure
Trend: Bullish (ascending channel)
Breakout confirmed above prior structure high
Healthy pullback expected into demand
🔹 Bullish Zone
Support Area: 5,034 – 5,066
This zone aligns with:
Previous breakout structure
Dynamic trendline support
Short-term imbalance area
As long as price holds above this region, buyers maintain control.
🎯 Upside Targets
Primary Target: 5,159 – 5,161
Extension potential if momentum continues toward new highs.
❌ Invalidation
Sustained break and close below 5,034
Deeper weakness below 5,005 would shift short-term bias bearish
Summary
The structure favors a buy-the-dip scenario into the SBR zone. Momentum remains bullish unless key support fails. Watching for bullish confirmation (rejection candles / strong bullish close) inside the highlighted demand area before continuation.
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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.
JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
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.