Gold is currently in a corrective bullish phase within a broader downtrend channel. Price has broken minor structure to the upside and is now consolidating around the retracement zone 4660-4740 which is acting as a key decision area. The descending trendline is still intact suggesting this move could be a pullback rather than a full trend reversal. If price fails to hold above this zone we may see continuation to the downside however a strong breakout above 4800 could shift momentum bullish.
From a fundamental perspective gold remains sensitive to USD strength and upcoming high-impact US economic data like CPI interest rate expectations or Fed minutes. If the US Dollar strengthens or yields rise gold is likely to face selling pressure. On the other hand geopolitical tensions and economic uncertainty are still supporting gold on dips which is why buyers are reacting from demand zones.
Trade Plan – Buy Setup
Buy Zone: 4600-4660 (demand zone + structure support)
Trigger: H1 bullish engulfing or strong rejection wick
Targets: 4800, 4970, 5040
Invalidation: H1 close below 4550
Trade Plan – Sell Setup
Sell Zone: 4720-4780 (trendline + supply)
Trigger: H1 bearish engulfing or liquidity sweep above recent high
Targets: 4600, 4500, 4400
Invalidation: H1–H4 close above 4820
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
From a fundamental perspective gold remains sensitive to USD strength and upcoming high-impact US economic data like CPI interest rate expectations or Fed minutes. If the US Dollar strengthens or yields rise gold is likely to face selling pressure. On the other hand geopolitical tensions and economic uncertainty are still supporting gold on dips which is why buyers are reacting from demand zones.
Trade Plan – Buy Setup
Buy Zone: 4600-4660 (demand zone + structure support)
Trigger: H1 bullish engulfing or strong rejection wick
Targets: 4800, 4970, 5040
Invalidation: H1 close below 4550
Trade Plan – Sell Setup
Sell Zone: 4720-4780 (trendline + supply)
Trigger: H1 bearish engulfing or liquidity sweep above recent high
Targets: 4600, 4500, 4400
Invalidation: H1–H4 close above 4820
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
İşlem aktif
Price reacted strongly from the blue demand zone 4665-4700 and broke above the minor structure and trendline resistance near 4704 showing bullish continuation intent. As long as price holds above the demand area and maintains higher lows buyers may push toward the 4740 resistance first with potential continuation toward 4856 and higher targets.
Key Levels to Watch:
Resistance: 4740-4856
Support: 4665-4600
Feragatname
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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.