📈 Market Structure
Price Action:
Price has just broken out of the accumulation zone, moving sharply toward the main resistance area.
📊 Trendlines
Lower Trendline (Red): Long-term dynamic support — price has bounced multiple times from this level.
Upper Trendline (Red): Main descending resistance — price is now approaching this zone.
🧱 Support Zones
3,970,000: Confluence of horizontal support and the lower trendline → key reaction area to monitor.
4,030 – 4,050 (Breakout Zone): Intermediate support if price pulls back after the breakout rally.
⚔️ Resistance Zones
4,100 – 4,115: Strong resistance aligning with the upper trendline and previous highs → possible correction zone.
🎯 Scenario
If price gets rejected around 4,115, it could pull back toward the 4,030 – 4,050 breakout zone, or even retest 3,970,000.
A clean breakout above 4,115 would confirm stronger bullish continuation.
🧭 Summary
Trend: Short-term bullish — currently testing major resistance.
Strategy: Watch price action near 4,115; wait for confirmation to re-enter buys around 4,030 – 3,970.
💼 Trading Plan
BUY GOLD: 4,030 – 4,028
Stop Loss: 4,018
Take Profit: 100 – 300 – 500 pips
SELL GOLD: 4,115 – 4,117
Stop Loss: 4,127
Take Profit: 100 – 300 – 500 pips
Price Action:
Price has just broken out of the accumulation zone, moving sharply toward the main resistance area.
📊 Trendlines
Lower Trendline (Red): Long-term dynamic support — price has bounced multiple times from this level.
Upper Trendline (Red): Main descending resistance — price is now approaching this zone.
🧱 Support Zones
3,970,000: Confluence of horizontal support and the lower trendline → key reaction area to monitor.
4,030 – 4,050 (Breakout Zone): Intermediate support if price pulls back after the breakout rally.
⚔️ Resistance Zones
4,100 – 4,115: Strong resistance aligning with the upper trendline and previous highs → possible correction zone.
🎯 Scenario
If price gets rejected around 4,115, it could pull back toward the 4,030 – 4,050 breakout zone, or even retest 3,970,000.
A clean breakout above 4,115 would confirm stronger bullish continuation.
🧭 Summary
Trend: Short-term bullish — currently testing major resistance.
Strategy: Watch price action near 4,115; wait for confirmation to re-enter buys around 4,030 – 3,970.
💼 Trading Plan
BUY GOLD: 4,030 – 4,028
Stop Loss: 4,018
Take Profit: 100 – 300 – 500 pips
SELL GOLD: 4,115 – 4,117
Stop Loss: 4,127
Take Profit: 100 – 300 – 500 pips
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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.
✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
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.
