Gold is trading within a corrective phase after breaking below the ascending channel. Price is currently reacting from a well-defined support zone, while the overall structure suggests bullish continuation if this support holds. A sustained move above the resistance zone may confirm strength and open the path toward the marked upside target.
Trend: Overall bullish structure, short-term correction completed
Support Zone: 4,850 – 4,870 (strong demand, price reacting upward)
Resistance Zone: 5,000 – 5,030 (key supply area)
Breakout Level: Above 5,030 (bullish confirmation)
Target 1: 5,060 – 5,080
Target 2: 5,160 – 5,170 (final upside target)
Invalidation: Daily/30M close below 4,840
Bullish as long as price holds above support; breakout above resistance may trigger strong upside momentum.
This analysis follows TradingView chart rules using price action, trend structure, and key support/resistance zones. For educational purposes only.
Trend: Overall bullish structure, short-term correction completed
Support Zone: 4,850 – 4,870 (strong demand, price reacting upward)
Resistance Zone: 5,000 – 5,030 (key supply area)
Breakout Level: Above 5,030 (bullish confirmation)
Target 1: 5,060 – 5,080
Target 2: 5,160 – 5,170 (final upside target)
Invalidation: Daily/30M close below 4,840
Bullish as long as price holds above support; breakout above resistance may trigger strong upside momentum.
This analysis follows TradingView chart rules using price action, trend structure, and key support/resistance zones. For educational purposes only.
Trade active
trade active
t.me/+HstI692sUGw0ZmRk
✅ MY FREE SIGNALS CHANNEL
✅ PERSONAL TELEGRAM
✅ FOREX BROKER USED
t.me/+pg7FHDH9Zl40MGJk
✅ MY FREE SIGNALS CHANNEL
✅ PERSONAL TELEGRAM
✅ FOREX BROKER USED
t.me/+pg7FHDH9Zl40MGJk
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/+HstI692sUGw0ZmRk
✅ MY FREE SIGNALS CHANNEL
✅ PERSONAL TELEGRAM
✅ FOREX BROKER USED
t.me/+pg7FHDH9Zl40MGJk
✅ MY FREE SIGNALS CHANNEL
✅ PERSONAL TELEGRAM
✅ FOREX BROKER USED
t.me/+pg7FHDH9Zl40MGJk
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.