- Price is accumulating sideways in a converging triangle structure after a bounce back to the 4800 area. Overall, the trend is still leaning towards the bullish structure but the price is being compressed below the resistance zone (4788 - 4803) and below the downtrend.
- Multi-timeframe EMA (Daily - H4 - H2 - H1) is in bullish structural consensus when EMA34 is above EMA89.
- The zone (4788 - 4803) is an important resistance zone in the current uptrend. If the price breaks out of this zone, the uptrend will return. The zone (4685 - 4705) is an important support zone in the bullish structure. If this zone is broken, a downward momentum will open because this support zone confluences the bullish dow structure zone.
✅ VIEW:
1. CONTINUE BUYING SCENARIO:
- Price broke the resistance zone (4788 - 4803) and at the same time broke the structure
Lower High.
- Break of the bearish trendline.
=> The bullish structure will recover and head towards higher levels (483x and 485x).
=> The structure increased strongly again when the price completely broke the resistance zone (4853 - 4858).
2. BUY RETEST SCENARIO:
- Price retests the support zone (4685 - 4705) and a price holding signal appears (pin bar / engulfing candle).
- Support zone (4685 - 4705) confluences with bullish DOW structure and key fibo zone (0.5 - 0.618) and EMA34 confluence (H4).
=> When the increasing structure still maintains, Buy is priority.
BUY LIMIT GOLD : 4704 - 4706
STOPLOSS : 4700
✅TP1 : 4710
✅TP2 : 4736
🟠Note : Comply with SL - TP as planned, if you can watch it, be proactive.
- Multi-timeframe EMA (Daily - H4 - H2 - H1) is in bullish structural consensus when EMA34 is above EMA89.
- The zone (4788 - 4803) is an important resistance zone in the current uptrend. If the price breaks out of this zone, the uptrend will return. The zone (4685 - 4705) is an important support zone in the bullish structure. If this zone is broken, a downward momentum will open because this support zone confluences the bullish dow structure zone.
✅ VIEW:
1. CONTINUE BUYING SCENARIO:
- Price broke the resistance zone (4788 - 4803) and at the same time broke the structure
Lower High.
- Break of the bearish trendline.
=> The bullish structure will recover and head towards higher levels (483x and 485x).
=> The structure increased strongly again when the price completely broke the resistance zone (4853 - 4858).
2. BUY RETEST SCENARIO:
- Price retests the support zone (4685 - 4705) and a price holding signal appears (pin bar / engulfing candle).
- Support zone (4685 - 4705) confluences with bullish DOW structure and key fibo zone (0.5 - 0.618) and EMA34 confluence (H4).
=> When the increasing structure still maintains, Buy is priority.
BUY LIMIT GOLD : 4704 - 4706
STOPLOSS : 4700
✅TP1 : 4710
✅TP2 : 4736
🟠Note : Comply with SL - TP as planned, if you can watch it, be proactive.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.