📈 1️⃣ Trendline
The long-term trend was previously BULLISH, supported by a clearly rising trendline.
Price has now broken below the ascending trendline, indicating that the bullish structure is weakening.
The former trendline is now acting as dynamic resistance when price pulls back for a retest.
➡️ Current outlook: corrective decline after losing the main trendline
🟥 2️⃣ Resistance Zones
Nearest resistance: 4,835
Former breakout area → now acting as resistance
Aligns with the recent strong price rejection zone
Major resistance: 5,000 – 5,103
Previous accumulation zone before the sharp drop
Near the medium-term EMA + broken trendline
If price retraces to this area → selling pressure is expected to be high
➡️ Pullbacks into these zones are more likely to be selling opportunities, not bullish reversals.
🟩 3️⃣ Support Zone
Main support: 4,590
The most recent swing low after the strong decline
Area where buying interest previously appeared
If this level breaks:
Price may extend into a deeper bearish leg
Short-term downtrend would be more strongly confirmed
📌 Trade Setups
SELL GOLD: 5,000 – 5,002
Stop Loss: 5,015
Take Profit: 200 – 500 – Open
SELL GOLD: 5,105 – 5,107
Stop Loss: 5,117
Take Profit: 200 – 500 – Open
The long-term trend was previously BULLISH, supported by a clearly rising trendline.
Price has now broken below the ascending trendline, indicating that the bullish structure is weakening.
The former trendline is now acting as dynamic resistance when price pulls back for a retest.
➡️ Current outlook: corrective decline after losing the main trendline
🟥 2️⃣ Resistance Zones
Nearest resistance: 4,835
Former breakout area → now acting as resistance
Aligns with the recent strong price rejection zone
Major resistance: 5,000 – 5,103
Previous accumulation zone before the sharp drop
Near the medium-term EMA + broken trendline
If price retraces to this area → selling pressure is expected to be high
➡️ Pullbacks into these zones are more likely to be selling opportunities, not bullish reversals.
🟩 3️⃣ Support Zone
Main support: 4,590
The most recent swing low after the strong decline
Area where buying interest previously appeared
If this level breaks:
Price may extend into a deeper bearish leg
Short-term downtrend would be more strongly confirmed
📌 Trade Setups
SELL GOLD: 5,000 – 5,002
Stop Loss: 5,015
Take Profit: 200 – 500 – Open
SELL GOLD: 5,105 – 5,107
Stop Loss: 5,117
Take Profit: 200 – 500 – Open
Not
Current Market BehaviorOn lower timeframes, price has temporarily formed a swing low around the 4,400 area and then rebounded, indicating that buying interest is emerging at deeply discounted price levels.
This reaction suggests that buyers are actively stepping in, absorbing supply and defending key value zones.
Short-Term Outlook:
If the recovery momentum continues to hold, price may revisit the 4,650 area in the near term.
The 4,800 level will be the next upside target if bullish momentum remains intact.
Daily Timeframe Structure – Key Demand Zone:
On the Daily timeframe, the 4,471–4,460 zone is currently acting as a critical support area.
This zone has seen strong buying activity from large institutional players, helping to preserve the current market structure.
As long as price holds above this area, the recovery scenario remains favored over the possibility of a deeper decline.
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🔴24/7 support for newbies.
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t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
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🔴24/7 support for newbies.
🔴You always have priority.
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İlgili yayınlar
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.