Technical Structure
Uptrend Confirmation: Despite the pullback, the overall structure remains bullish — higher highs and higher lows are intact.
Support Zone (Green Box): The area between 4,132 – 4,197 acts as a strong demand region where a reversal is likely.
Target Point: The upside target lies near $4,378 – $4,381, coinciding with previous highs and resistance.
📈 Bullish Scenario
If price tests the support level and shows rejection (bullish candles or wicks), we can expect:
Entry: Around $4,160 – $4,200
Target: $4,380 – $4,381
Stop Loss: Below $4,120
This would confirm a continuation of the uptrend after a healthy correction.
📉 Bearish Scenario
If price breaks below $4,120, it could trigger:
Deeper correction toward $4,060 – $4,000
Momentum shift from bullish to short-term bearish.
🟢 Signal Summary
Direction Entry Zone Stop Loss Take Profit Confidence
BUY (Long) $4,160 – $4,200 $4,120 $4,380 ⭐⭐⭐⭐ (Strong if support holds)
⚠️ Conclusion
Gold is showing signs of retracement within an uptrend.
If the support zone holds, we can expect a bullish reversal toward the $4,380 target point.
However, a break below $4,120 will signal a deeper correction before any new rally.
Uptrend Confirmation: Despite the pullback, the overall structure remains bullish — higher highs and higher lows are intact.
Support Zone (Green Box): The area between 4,132 – 4,197 acts as a strong demand region where a reversal is likely.
Target Point: The upside target lies near $4,378 – $4,381, coinciding with previous highs and resistance.
📈 Bullish Scenario
If price tests the support level and shows rejection (bullish candles or wicks), we can expect:
Entry: Around $4,160 – $4,200
Target: $4,380 – $4,381
Stop Loss: Below $4,120
This would confirm a continuation of the uptrend after a healthy correction.
📉 Bearish Scenario
If price breaks below $4,120, it could trigger:
Deeper correction toward $4,060 – $4,000
Momentum shift from bullish to short-term bearish.
🟢 Signal Summary
Direction Entry Zone Stop Loss Take Profit Confidence
BUY (Long) $4,160 – $4,200 $4,120 $4,380 ⭐⭐⭐⭐ (Strong if support holds)
⚠️ Conclusion
Gold is showing signs of retracement within an uptrend.
If the support zone holds, we can expect a bullish reversal toward the $4,380 target point.
However, a break below $4,120 will signal a deeper correction before any new rally.
join my telegram channel t.me/smartforexacademy45 t.me/smartforexacademy45
JOIN MY REFREL BROKER LINK one.exnessonelink.com/a/gissbq1h9c?source=app
JOIN MY REFREL BROKER LINK one.exnessonelink.com/a/gissbq1h9c?source=app
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 t.me/smartforexacademy45 t.me/smartforexacademy45
JOIN MY REFREL BROKER LINK one.exnessonelink.com/a/gissbq1h9c?source=app
JOIN MY REFREL BROKER LINK one.exnessonelink.com/a/gissbq1h9c?source=app
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.