Gold price reacted strongly from the weekly low support zone after a sharp bearish move. Current price action shows signs of recovery while holding above key demand support.
If buyers maintain momentum, price may continue higher toward the marked resistance and target zones.
Weekly Low Support: 4,482
Current Support Zone: 4,500 – 4,520
Resistance Zone: 4,760 – 4,790
Mid Resistance: 4,709
Bullish Target: 4,888
Invalidation: Below weekly low
BIAS:
Bullish above support
If buyers maintain momentum, price may continue higher toward the marked resistance and target zones.
Weekly Low Support: 4,482
Current Support Zone: 4,500 – 4,520
Resistance Zone: 4,760 – 4,790
Mid Resistance: 4,709
Bullish Target: 4,888
Invalidation: Below weekly low
BIAS:
Bullish above support
Note
Market Analysis UpdatePrice is holding above the support zone. Bullish bias remains valid as long as the market stays above support. Watching key resistance levels for a possible breakout. Proper risk management is advised. Trade with confirmation only
Trade active
Market analysis updated. Watching key levels for the next moveTrade closed: target reached
Market is moving according to analysis. Waiting for confirmation before taking the next trade. Stay focusedNote
“Monitoring price action at a key technical level. Awaiting confirmation before initiating any position. Risk management will be applied.
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What You'll Get
Daily Forex signals with high accuracy
Technical & fundamental analysis
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t.me/+4ZrcWOlv--0xOTg0
Daily Forex signals with high accuracy
Technical & fundamental analysis
Risk management tips to protect your capital
Join now and start winning
t.me/+4ZrcWOlv--0xOTg0
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.