NZD/USD Bearish Setup | Resistance Rejection Signals Pullback Key Levels
Resistance
0.5855–0.5860 – Major supply zone and current rejection area.
Support
0.5826–0.5830 – Initial support and previous breakout level.
0.5788–0.5790 – Strong demand zone.
0.5745–0.5750 – Major higher-timeframe support.
Technical Outlook
The chart suggests that buyers are struggling to push above resistance despite several attempts. This increases the probability of a pullback toward lower support levels.
Expected price path:
Rejection from 0.5855–0.5860.
Decline toward 0.5830, where buyers may attempt to defend.
If 0.5830 breaks, price is likely to extend toward 0.5790.
Continued selling pressure could drive the pair down to the 0.5750 demand zone.
Bullish Scenario
If buyers manage a strong 1-hour candle close above 0.5860, the bearish outlook would be invalidated. A confirmed breakout could trigger fresh bullish momentum and open the way for new swing highs.
Trade Setup
Sell Idea
Entry: 0.5855–0.5860 (on bearish confirmation)
Stop Loss: Above 0.5868
Take Profit 1: 0.5830
Take Profit 2: 0.5790
Take Profit 3: 0.5750
Conclusion
NZD/USD is trading at a critical resistance zone after an impressive rally. The repeated rejection from 0.5855–0.5860 suggests sellers remain active. Unless buyers achieve a decisive breakout above resistance, the pair is likely to undergo a short-term bearish correction, with 0.5830, 0.5790, and 0.5750 serving as the main downside targets.
Futures market
A BUY BEFORE THE SELLA buy at 4010-05, sl at 3994,
after a rejection at 3985 the market could go up to test 4115-20 before the sell begins again or it could decide to sell somewhere below 4100 after a confirmation but for now bulls are likely going to push price up further so it's best to look for sell entries.
Gold is entering a prime buying opportunity!
We established long positions at 3970 last Friday and added longs at 4005 today; the strategy remains to stick with a bullish bias.
Regarding the broader trend for gold, as previously analyzed, the price is currently in an upward cycle with a short-term floor established at 3943. After spiking to 4202 early in the month, the price underwent a secondary test of the lows. Our analysis emphasized strong support in the 3960–3890 range, limiting downside potential and favoring a staged accumulation of long positions for a swing trade, with initial targets at 4300–4500.
The price rebounded from 3960 last Friday; during today's Asian session, it retraced to 3982 before breaking higher, currently trading at 4021—validating our outlook. The 4-hour chart structure remains bullish, and we anticipate continued gains into the evening session. Short-term support lies at 4010, with strong support at 4000; a break below these levels targets the morning lows of 3990–3982. Short-term resistance is at 4030–4040, with strong resistance at 4050–4060; a breakout targets the weekly chart's MA4 level at 4080.
In terms of trading strategy: having gone long at 3970 last Friday and 4005 today, we will maintain a bullish stance; any changes to the plan will be communicated during the trading session.
XAUUSD — Did Gold Just Break 4,070?Gold is showing a stronger short-term recovery today.
Price has pushed into the 4,070 area, which is an important reaction zone on the chart.
This zone is not random.
It lines up with the OB sell scalping area and the Fibonacci extension reaction around 1.618.
So even though buyers are showing strength, I still do not want to chase blindly at the top of the candle.
The simple read
Gold has escaped the previous bearish channel pressure and is now building a short-term recovery structure.
The rising trendline is supporting price from below.
As long as gold holds above 4,025 and 4,003, the recovery structure can remain valid.
The key level now is 4,070.
If gold breaks and holds above 4,070, buyers may try to continue toward the liquidity resistance zone around 4,102.
But if price fails to hold above 4,070, a pullback toward 4,025 may appear first.
That pullback would not automatically destroy the bullish view.
It may simply be a retest before the next decision.
Key price zones
Current price area: 4,065 - 4,075
Breakout / reaction zone: 4,070
Liquidity resistance zone: 4,102
Trendline / OB buy reaction zone: 4,025
Main OB buy zone: 4,003
Bullish structure weakens below: 4,003
Trading plan
📈 Bullish continuation scenario
If gold holds above 4,070:
The recovery structure becomes stronger.
Buyers may try to push price toward 4,102.
A cleaner bullish idea needs price to stay above 4,070 or retest this level successfully.
No clean hold = no strong confirmation.
📉 Retest scenario
If gold rejects from 4,070:
Price may pull back toward 4,025.
This is the first important support zone connected with the rising trendline and OB buy reaction area.
If buyers defend 4,025, gold may try another push toward 4,070 and 4,102.
📉 Deeper pullback scenario
If 4,025 fails:
Gold may move lower toward 4,003.
This is the main OB buy zone on the chart.
If 4,003 also fails, the short-term recovery becomes weaker and the market may need more time to rebuild.
Tiara’s View
Gold is improving, but the chart is now testing a very sensitive breakout area.
A breakout candle can look exciting.
But the real confirmation comes from the hold or the retest.
For today, I am watching one question:
Can buyers protect 4,070?
If yes, 4,102 becomes the next liquidity target.
If not, the market may pull back to test 4,025 first.
Main view:
Gold is short-term bullish while holding above 4,025.
4,070 is the breakout decision zone.
4,102 is the next liquidity resistance.
4,025 - 4,003 is the key support area if price pulls back.
Reaction first.
Confirmation second.
Trade last.
No confirmation = no trade.
Do you think gold can hold above 4,070, or will it retest 4,025 first?
Gold Confirms Bullish Breakout, Targets Key Resistance ZoneThe 1H XAUUSD chart shows a significant structural development following weeks of consolidation. After breaking down from a Distribution Zone in early July and finding support at the institutional buying zone near 3,958–3,989, price built a series of higher lows through multiple CHoCH (Change of Character) signals, gradually forming a base for recovery.
The key development on this chart is the confirmed Bullish trendline breakout, where price decisively broke above the descending trend line that had been capping every rally attempt since the start of the month. This breakout occurred near the 4,020–4,030 region, an area now acting as a potential support zone on any retest.
Price did pull back slightly toward this breakout zone, with the chart noting a possible retest of the trendline before continuing higher. This kind of retest is a common Smart Money Concepts behavior, where former resistance flips to support, offering a lower-risk continuation entry for buyers.
Currently trading at 4,079.515, up 0.44% on the session, price is pushing higher with strong momentum. The projected path points toward Target 1 near 4,188, which sits within the broader Key Resistance zone that has dominated price action for most of the month. A successful break above this zone would mark a significant shift in the higher timeframe structure.
From a risk management perspective, the key invalidation level is a decisive break back below the breakout zone (under 4,020). Such a move would suggest the trendline breakout was false and could open the door for a return to range-bound conditions.
For now, structure strongly favors continued upside as long as the breakout holds, with traders watching for confirmation on any retest before targeting the Key Resistance zone.
Do you think gold will push straight through to Target 1, or will we see a deeper retest of the trendline first?
XAUUSD Eyes 4,094 Resistance After Bullish BreakoutGold (XAU/USD) on the 2H timeframe has confirmed a bullish Change of Character (CHoCH) followed by strong impulsive buying, signaling that buyers have regained short-term control. Price has broken above the recent consolidation and is now trading inside a key supply/resistance zone between 4,070–4,090.
The immediate resistance is the R1 Pivot at 4,094, which aligns with the highlighted supply area. A clean breakout and sustained close above this level could trigger the next bullish expansion toward 4,120 and potentially higher.
However, if sellers defend the resistance zone, a healthy pullback toward the 50% Fibonacci retracement (4,042) and the 61.8% Fibonacci level (4,032) is likely. This area also coincides with previous resistance that may now act as support, making it an attractive buy-on-dip zone.
As long as price remains above the 4,000 support, the overall short-term market structure remains bullish. A successful retest of the Fibonacci support could provide the momentum needed for another leg higher toward 4,094 and 4,120.
Key Levels:
Resistance: 4,094 → 4,120
Support: 4,042 → 4,032
Invalidation: Below 4,000
Bias: Bullish 📈 – Prefer buying on pullbacks while price holds above key Fibonacci support.
GOLD EYES A BREAK ABOVE TRENDLINE – RECOVERY MOMENTUM BUILDSGold continues to trade within a constructive recovery structure after successfully defending the 4000 support zone. The recent series of higher lows shows buyers are gradually regaining control, while bearish momentum continues to weaken following multiple failed attempts to push prices lower.
The market is now approaching the descending H4 trendline once again. This trendline has acted as dynamic resistance for several sessions, making it the most important technical level to watch. A decisive breakout above this area would confirm a shift in short-term momentum and increase the probability of a broader recovery.
The first upside objective remains the 4035–4045 resistance zone. If buyers can establish acceptance above this area, gold could extend toward the higher H4 resistance around 4070–4085, where stronger selling pressure may appear.
For now, the preferred approach is to continue buying pullbacks while price remains above the 4000 support. Scalping opportunities still favor the bullish side, but the higher-probability trade will come once the descending trendline is broken with strong momentum and volume.
📍 Key Levels
🔹 3995 – 4005
Primary support and preferred buying zone.
🔹 4035 – 4045
First resistance and breakout confirmation level.
🔹 4070 – 4085
Major H4 resistance and primary upside target.
🔹 Below 3990
A sustained move below this level would weaken the current recovery scenario and shift focus back toward range trading.
✅ Preferred Scenario
Gold continues holding above the 4000 support.
Buyers pressure the descending H4 trendline.
A confirmed breakout above 4035–4045 opens the way toward 4070–4085.
Continue favoring buy-on-dips until the market proves otherwise.
If resistance rejects price again, expect another short-term consolidation before the next breakout attempt.
Gold As long as price holds the 4038–4027 support zoneXAUUSD (GOLD) – 1H Time Frame
Bullish Breakout Confirmed
Gold has broken above resistance and is showing strong bullish momentum. As long as price holds the 4038–4027 support zone, the overall bias remains strongly bullish.
Key Support Zone: 4038 – 4027
Bullish Targets:
Tp 1: 4068
Tp 2: 4084
Tp 3: 4120
Market View:
The breakout structure suggests buyers are in control. A successful retest and hold above the 4038–4027 support zone could provide a high-probability continuation toward the listed targets.
Bias: STRONG BUY
This is a technical analysis based on price action and market structure. Always use proper risk management and wait for confirmation before entering a trade.
XAUUSD: Technical rebound approaching a critical selling zoneXAUUSD maintains a clear bearish structure on the H4 timeframe, characterized by a continuous series of lower highs and lower lows forming beneath the downtrend line. Following a bounce from the support zone around 3,960, the price is undergoing a technical rebound, yet upward momentum remains limited. Notably, the 4,042 level represents a confluence of the downtrend line, the Ichimoku cloud, and horizontal resistance; this creates a formidable barrier that buyers must overcome to shift the trend.
Currently, there are no signals indicating the end of the downtrend. Conversely, the fact that the price is rebounding while remaining below key resistance levels suggests this is likely just a pullback within the primary bearish trend. Should a rejection candle or reversal signal appear at the 4,042 level, selling pressure could quickly return, driving the price down to retest the 3,934 support zone—aligning with the scenario depicted on the chart.
The fundamental backdrop also favors the sellers. Expectations that the Fed will maintain a hawkish monetary policy, combined with elevated US bond yields and a strong US dollar, continue to increase the opportunity cost of holding gold. While geopolitical tensions still support safe-haven demand, this factor is currently insufficient to offset the pressure stemming from interest rates and bond yields.
Strategy: Prioritize selling if the price shows a bearish reaction at the 4.042 level, targeting 3.934. The bearish scenario is invalidated if the price closes firmly above the resistance zone on the H4 timeframe and decisively breaks the downtrend line.
XAUUSD — 4,054 Flipped the Story XAUUSD — 4,054 Flipped the Story
Gold started the session with pressure around 4,000, but the chart did something important after that dip — it stopped behaving like a market that wanted to keep bleeding lower.
Price swept near the 3,982.995 liquidity area, formed a base, then pushed back through 4,054.121 and tapped into 4,072.676. That change matters because 4,054 was the level sellers needed to defend if the bearish flow wanted to stay clean. Once price moved above it, the short-term story started shifting from “sell every bounce” into “watch the pullback for a continuation setup.”
For newer traders, the key is not to chase the candle after the move. The cleaner idea is to let gold breathe back into the Fibo zone around 4,030 - 4,040. If buyers defend that area and price starts holding higher lows, then the recovery can keep building toward the order block and liquidity zone around 4,080 - 4,100.
My main view is bullish while gold holds above the Fibo zone and especially above 3,982.995. The wider backdrop is still sensitive, with US-Iran tension and Fed rate expectations keeping the market reactive, so I do not see this as a smooth one-way move. But from the chart, the liquidity sweep below and the reclaim above 4,054 tell me buyers have at least taken short-term control.
This bullish idea becomes weak if gold loses 4,030 - 4,040 and then breaks back below 3,982.995. That would mean the recovery failed, and sellers may try to drag price back toward 3,927.583.
Key price zones to watch
Current reaction area: 4,054.121 - 4,072.676
Main demand / Fibo zone: 4,030 - 4,040
Bullish confirmation zone: clean hold above 4,054.121
Main upside target: 4,080 - 4,100
Order block + liquidity zone: 4,080 - 4,100
Lower support if buyers fail: 3,982.995
Major lower liquidity: 3,927.583
Invalidation: clean close below 3,982.995
Do you see this 4,054 reclaim as the start of a real recovery, or would you wait for the Fibo pullback before trusting the move?
XAUUSD H1: Downtrend Line Calling — Sellers Stepping Back In?The descending trendline connecting successive highs since above 4.140 is still holding up, and price is now approaching it again after a recent bounce — a sign sellers could be regaining control.
I'm looking to sell if price touches the trendline zone around 4.020–4.030, stop loss above 4.050, first target at 3.980 and a further target at 3.960 — right at the marked support zone below.
If price breaks above the trendline and closes above 4.050, I'll treat this downside move as paused for now and wait on the sidelines for a fresh signal.
This is just my personal take based on technical analysis. Wishing you successful trading.
XAUUSD: Potential Long Setup Market NarrativeThe market on the 1-hour timeframe is showing a strong bullish reversal. After breaking above the recent downward channel and respecting the lower support zone, the price is gaining momentum and heading toward the upper resistance zone. This setup indicates that buyers are currently in control and are aiming to test the liquidity at the resistance level
Key Levels
Entry: Current price level (around 4,004)
Target: Resistance zone near 4,103.
Trade Plan:
Entry: Look for long positions at the current level.
Stop Loss (SL): Position below the 3,957 support level to manage risk and invalidate the bullish thesis if breached.
Take Profit (TP): Target the resistance zone identified near 4,103.
Educational Insight:
When price breaks a downward channel and confirms the break with bullish candles after bouncing from support, it often signals a shift in market sentiment. Entering at this stage with a defined stop loss allows you to participate in the momentum while keeping your risk controlled.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk; please conduct your own due diligence and manage your risk according to your personal trading plan
XAUNOW | First SELL, then BUY! But Why? READ!Price first dropped to around 3960 before rallying up to 4041. The really attractive part is that it reacted to our descending trendline for the 9th time. After hitting that zone, it turned lower again and dropped to around 4000.
It is now trading in the 4014 area.With the increased tensions between Iran and America pushing oil higher, gold is facing some pressure right now. This could keep it capped in the short term, and we might even see a move down toward 3945.
Once the situation calms down, I expect gold to push higher and finally break this trendline, which looks more vulnerable than ever. Stay patient and let price confirm the next move.
Make sure to follow this analysis closely because I’ll be posting fresh Gold updates here every single day. Let’s track it step by step.
Gold to target north of $4500Right now we’ve seen the level of 3960 respected in three zonal attempts and that is enough for me to consider that this diagonal resistance that’s constantly seen selling pressure once it’s approached, will now break through and go and test the $4500 zonal S/R which also lines up with the diagonal given to us from the all time highs. I’ve entered from $4002. Let’s see how this swing trade approach works out. 💪
Gold at 4,005: Why Are Buyers Still Defending a Dead Trendline?Two trendline breakouts. Both sold straight back into. That's not strength. That's inducement.
Gold stays bearish on H1 and the path is 3,969. Structure hasn't printed a single higher low that mattered since early July. Every ChoCH on this chart belongs to sellers. The latest one capped price at 4,020 to 4,030 and the bounce off it is already dying at 4,005.
The liquidity map is simple. Equal lows sitting at 3,969.75. That pool hasn't been purged. Price doesn't leave clean sellside resting untouched. It gets delivered into it. Every retail long parked under that red line is fuel, nothing more. Above, the Strong High at 4,105 to 4,125 hasn't been revisited since July 12. That tells you everything about who's in control. Buyers had two clean chances at the trendline. Breakout 1, Breakout 2. Both grabs. Both mitigated within hours. Zero absorption. Zero follow through. When bulls get handed the breakout twice and fumble it twice, the market isn't confused. You are.
Current pullback into 4,005 to 4,020 is the retest, not a reversal. Primary sell zone sits at 4,020 to 4,035, the latest ChoCH origin stacked with the current lower high. If London or NY wants to run it deeper before delivery, 4,060 to 4,080 is the last supply worth touching, the rejection block. Distribution from either zone, continuation into 3,969 to 3,972. Momentum through the low opens 3,945, then 3,931.
Invalidation is one thing only: H1 close above 4,080. Until that candle prints, every long is a counter trend scalp at the low and nothing more. A real long needs the sellside swept first and a bullish ChoCH behind it. Not before. Not on hope.
Shallow pull, rejection, delivery into the lows. Same sequence as the last three legs. Nothing new here.
So who's still buying this? Genuinely asking.
Gold market completed its institutional pullback**📊 Gold Market Update**
Gold has **completed its institutional pullback**, successfully mitigating the **4083 supply liquidity zone**. With this objective fulfilled, market focus now shifts toward the **4016 pending order**, which remains the next key liquidity level as price action seeks further rebalancing.
follow for more insights , comment and boost idea
Gold Faces Critical Test at 4,120 as Bearish Pressure Builds**Gold (XAU/USD) Technical Analysis – Bearish Outlook**
Gold appears to be approaching a critical resistance zone where the recent bullish rebound is showing signs of exhaustion. Price action suggests that buying momentum is weakening as it tests the **4,120** resistance level, increasing the probability of a bearish reversal.
From a technical perspective, the current rally is likely to be a corrective move within a broader bearish structure rather than the beginning of a new uptrend. Rejection around the **4,120** resistance area would reinforce sellers' control and could trigger a fresh wave of downside pressure.
As long as price remains below **4,120–4,140**, the preferred scenario is for gold to resume its decline, with an initial focus on key support levels before extending toward the **3,880** target. A decisive break below the **4,000 psychological floor** would strengthen the bearish case, exposing the next support at **3,965**. Sustained selling pressure below these levels could accelerate the decline toward the **3,880** objective.
### Key Technical Levels
**Resistance**
* **4,100** – Initial resistance
* **4,120** – Major resistance and reversal zone
**Support**
* **4,000** – Psychological support
* **3,965** – Key technical support
* **3,880** – Primary bearish target
### Bearish Scnario
* The rebound into the **4,120** resistance zone is viewed as a corrective rally within the prevailing bearish trend.
* Fading bullish momentum near resistance favors renewed selling pressure.
* A rejection below **4,120** keeps sellers in control and increases the likelihood of a continuation lower.
* A break below the **4,000 psychological level** would confirm bearish momentum, opening the path toward **3,965** and ultimately **3,880**.
Trade Invalidation
The bearish outlook will be invalidated by a **decisive break and sustained close above 4,140**. Such a move would indicate that buyers have regained control, shifting market sentiment in favor of further upside and requiring a reassessment of the current bearish bias.
XAUUSD H1: Riding the Trendline — Buying Into the RecoveryGold has recovered strongly from the low around 3.940 and is now tracking closely along a short-term uptrend line, with pullbacks consistently finding support along this trendline — a sign that buyers are still firmly in control.
I'm favouring buys if price pulls back to retest the trendline around 4.060–4.070, stop loss below 4.040, first target at 4.100 and a further target at 4.140 if the upside momentum continues.
If price breaks below the trendline and closes under 4.040, this short-term uptrend will be considered under threat, and I'll stay on the sidelines waiting for a new structure.
XAUUSD: Pullback Could Pave the Way to 4,080XAUUSD has just staged a strong breakout from its consolidation zone and approached the 4,080 resistance level, indicating that buyers are in control of the short-term trend. The price is currently trading above both the EMA34 and EMA89, while the uptrend line remains intact, reflecting sustained positive momentum.
Following the sharp rally, a pullback to the 4,045 support zone is entirely normal. If this area holds and a bullish confirmation candle appears, it would signal that buying pressure is successfully absorbing profit-taking, opening the door for a retest of the 4,080 level.
Fundamentally, gold remains supported by expectations that the Fed will adopt a more cautious approach to interest rates, alongside safe-haven demand and steady buying from central banks. Meanwhile, the US dollar lacks the strength to disrupt gold's current recovery structure.
Strategy: Prioritize BUY positions if the price holds the 4,045 zone and a bullish confirmation signal appears; target 4,080. The bullish scenario is invalidated if the price closes below 4,045 on the H1 timeframe.
BREAKOUT UNDERWAY – WILL GOLD CONFIRM A BULLISH REVERSAL?Gold enters the new trading week with the first encouraging technical signal after breaking slightly above the descending H4 trendline that has capped price action throughout the recent decline. Although the breakout is still modest, it suggests selling pressure is gradually weakening and buyers are beginning to regain control.
The broader market structure, however, has not fully shifted into a bullish trend. The 4040–4060 area remains the most important resistance, where the H4 descending trendline and previous supply converge. This will be the decisive zone to determine whether the current recovery is merely a corrective bounce or the beginning of a larger bullish reversal.
As long as gold continues holding above the breakout area and forms higher lows, the bullish recovery scenario remains favored. A confirmed break and sustained acceptance above 4040–4060 would likely attract fresh buying momentum and open the way toward the psychological 4100 resistance, where the market will face its next major technical test.
For the coming sessions, the preferred strategy is to buy on pullbacks while price remains above the newly broken trendline. Scalping opportunities can still be taken within the current range, but traders should be prepared to shift into breakout trading once resistance is cleared with strong momentum.
📍 Key Levels
🔹 3970 – 3990
Major support zone and preferred buying area.
🔹 4015 – 4045
Breakout support and H4 trendline retest zone.
🔹 4040 – 4060
Key resistance. A confirmed breakout would strengthen the bullish structure.
🔹 4090 – 4105
Primary upside target before reassessing higher-timeframe momentum.
✅ Preferred Scenario
Gold holds above the broken descending trendline.
Buyers defend the 4015–4045 support region.
A breakout above 4040–4060 confirms bullish continuation.
The next upside objective is the 4100 area.
Failure to hold above the breakout structure would delay, but not immediately invalidate, the recovery outlook.
XAUUSD: Range Structure Near Key ResistanceXAUUSD is moving inside a well-defined range while testing a notable resistance area. Price remains below the higher moving averages, suggesting that this zone deserves close attention. A sustained move above resistance may shift the short-term structure, while holding below it keeps the current range intact. As always, wait for confirmation and manage risk according to your trading plan.
XAUUSD H4Context:
Since the wave-(5) low near 3,960 (sweeping the prior liquidity pool as anticipated), price has reversed and printed a clear trendline breakout, confirming a shift in short-term structure from bearish to bullish.
Price is now consolidating above the breakout zone (4,004–4,036), holding the previous Liquidity BUY area as support after the sweep.
Scenario drawn on chart:
Continuation higher off the current base, first testing 0.5 fib (~4,066).
Pullback/retest toward 0.618 (~4,110) area before pushing further.
Final leg up into Liquidity SELL (~4,185), sweeping the equal highs near the prior HIGH, with 0.786 (~4,151) as an intermediate resistance on the way.
Key structure:
The trendline breakout is the bullish confirmation signal — as long as price holds above ~4,004–4,021 (Liquidity BUY / breakout retest zone), the bias favors continuation toward the liquidity resting above at 4,151–4,185.
4,185 (Liquidity SELL) lines up with the old swing high area — a natural target for a stop-hunt before any deeper correction.
Read:
This is a textbook post-liquidity-sweep reversal: wave (5) grabbed the 3,960 low, trendline broke, and now price is likely to run toward the resting liquidity above (4,151–4,185) in a corrective/impulsive up-move. Watch for a clean break and hold above 4,066 (0.5 fib) as confirmation the move toward 4,110–4,185 is underway.
Risk note: technical read only, not financial advice — validate each leg with lower-timeframe BOS/CHoCH before entry, since price could still retest the 4,004–4,021 zone once more before continuing higher.
Gold: Pullbacks Are Buys – Target ~4100We've seen some marginal signs of de-escalation on the geopolitical front – and as I mentioned yesterday, any piece of positive news in the current gold market is likely to trigger an immediate upside move. Whether this tentative easing ultimately translates into a durable resolution remains to be seen, but the mere emergence of such signals has given the market a much-needed breather.
Yesterday's retest of the 4000 support held firm, and with the catalyst provided by the news, bulls have now pushed price up towards the 4050 area.
On the 4H chart, the MA60 has drifted down to just below 4060, with price now approaching this resistance level. A pullback from here cannot be ruled out. However, looking at the broader structure, the bulls still appear to have room to run. As such, our trading bias remains firmly on the buy side.
The first support level to watch has now moved up from 4000 to around 4030. Resistance remains in the 4060–4070 zone, with the next upside target still at 4100.
Trading Reference Levels:
Buy @ 4040 / 4020
Sell @ 4070 / 4100






















