Gold remains bullish in the larger structure, but the active 1H and 15m structure has turned bearish after rejection from the upper liquidity area.
Price is now trading near an important 15m low, so I prefer not to chase the bearish move at current levels.
Key levels
Resistance
* 4372–4376
* 4387.29 — important 15m level
* 4400–4402 — 1H liquidity
* 4440–4449.78 — major 4H / 1H / 15m liquidity
Support
* 4343.78 — current 15m low and main decision level
* 4312–4315 — next lower liquidity area
* 4275.65 — major 1H level
Bullish scenario
If price tests or sweeps 4343.78 but fails to continue lower, I will watch for a 5m recovery.
A reclaim of the nearby structure could open a move toward 4360, followed by 4372–4376 and 4387.29.
Recovery above 4387.29 would strengthen the bullish scenario.
Bearish scenario
The short-term structure remains bearish, but I don’t want to sell directly into support.
If price breaks 4343.78, accepts below it and fails on the retest from underneath, bearish continuation toward 4312–4315 becomes the main scenario.
Plan
For now, 4343.78 is the decision level.
I will let price show whether this support is defended or accepted through before choosing direction.
This is my personal market analysis for educational purposes only and is not financial advice.
Price is now trading near an important 15m low, so I prefer not to chase the bearish move at current levels.
Key levels
Resistance
* 4372–4376
* 4387.29 — important 15m level
* 4400–4402 — 1H liquidity
* 4440–4449.78 — major 4H / 1H / 15m liquidity
Support
* 4343.78 — current 15m low and main decision level
* 4312–4315 — next lower liquidity area
* 4275.65 — major 1H level
Bullish scenario
If price tests or sweeps 4343.78 but fails to continue lower, I will watch for a 5m recovery.
A reclaim of the nearby structure could open a move toward 4360, followed by 4372–4376 and 4387.29.
Recovery above 4387.29 would strengthen the bullish scenario.
Bearish scenario
The short-term structure remains bearish, but I don’t want to sell directly into support.
If price breaks 4343.78, accepts below it and fails on the retest from underneath, bearish continuation toward 4312–4315 becomes the main scenario.
Plan
For now, 4343.78 is the decision level.
I will let price show whether this support is defended or accepted through before choosing direction.
This is my personal market analysis for educational purposes only and is not financial advice.
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.
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.