Hi!
Gold has completed a clear Three-Drive Reversal pattern, with the third drive tapping into the major support zone around 4165–4175. This area has repeatedly acted as a strong demand pocket, and the sharp reaction confirms buyers are still active. Following the third drive, price broke the minor descending trendline, signaling the first shift in short-term momentum.
Current Structure
After breaking the trendline, price is now forming a healthy sequence of higher lows. The next key area is the mid-range supply zone at 4215–4220 (highlighted in red). A controlled pullback into higher-low structure would maintain bullish pressure and build the base for continuation.
Upside Targets
If buyers successfully reclaim the 4215–4220 zone, the next major target sits at the 4237–4240 resistance (green zone). This aligns with the next liquidity cluster and previous strong reaction points.
⚠️ Validation
The bullish scenario remains valid as long as price holds above the structure created after the third drive. A heavy rejection back below the support zone would invalidate the setup.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Gold has completed a clear Three-Drive Reversal pattern, with the third drive tapping into the major support zone around 4165–4175. This area has repeatedly acted as a strong demand pocket, and the sharp reaction confirms buyers are still active. Following the third drive, price broke the minor descending trendline, signaling the first shift in short-term momentum.
Current Structure
After breaking the trendline, price is now forming a healthy sequence of higher lows. The next key area is the mid-range supply zone at 4215–4220 (highlighted in red). A controlled pullback into higher-low structure would maintain bullish pressure and build the base for continuation.
Upside Targets
If buyers successfully reclaim the 4215–4220 zone, the next major target sits at the 4237–4240 resistance (green zone). This aligns with the next liquidity cluster and previous strong reaction points.
⚠️ Validation
The bullish scenario remains valid as long as price holds above the structure created after the third drive. A heavy rejection back below the support zone would invalidate the setup.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.
