(Gold, 1H), structure is bearish with a clear descending trendline + supply zone rejection.
Key observations:
Price rejected the red supply zone (~4,650–4,680)
Lower highs are intact
Weak bounce, no strong bullish continuation
Down arrow already aligns with structure
🎯 Bearish Targets:
First target: 4,560 (recent minor support / reaction zone)
Main target: 4,520 (my marked grey demand zone)
Extended target: 4,480 (if 4,520 breaks cleanly)
❗ Invalidation:
Break and close above 4,650–4,680 zone → bearish idea weakens
Summary:
Bias stays sell-side unless price breaks supply.
Most probable move: push down into 4,520 zone, possible liquidity sweep there.
Key observations:
Price rejected the red supply zone (~4,650–4,680)
Lower highs are intact
Weak bounce, no strong bullish continuation
Down arrow already aligns with structure
🎯 Bearish Targets:
First target: 4,560 (recent minor support / reaction zone)
Main target: 4,520 (my marked grey demand zone)
Extended target: 4,480 (if 4,520 breaks cleanly)
❗ Invalidation:
Break and close above 4,650–4,680 zone → bearish idea weakens
Summary:
Bias stays sell-side unless price breaks supply.
Most probable move: push down into 4,520 zone, possible liquidity sweep there.
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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.
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.
