Gold Spot / U.S. Dollar
Long
Updated

Gold Is Loading Pressure — The Next Breakout Will Be Violent

106
1. Market Structure Overview
Price is currently respecting a rising channel, showing a consistent sequence of higher highs – higher lows, but with gradually compressed momentum near the upper boundary and the resistance zone.

Key observations:
- Price is hovering near the upper trendline of the ascending channel.
- The resistance zone is directly above current price, causing hesitation and wicks.
- The chart shows a potential indecision → correction → continuation pattern forming.
This reflects a market preparing for a bullish continuation, but only after a controlled pullback.

2. Expected Scenarios for Today
✓ Primary Scenario – Bullish Retest Before Breakout (High Probability)
Price is likely to:
- Pull back toward the midline/lower edge of the ascending channel (yellow zone).
- Form a higher low within structure.
- Execute a clean retest of the ENTRY ZONE highlighted on your chart.
- Break above the Resistance Zone → Continue toward higher targets.
This matches your projected structure perfectly.

Entry Logic:
- Wait for price to retest the rising trendline and show bullish confirmation.
- The ENTRY ZONE is valid and aligns with trend continuation.

Upside Targets:
- TP1: 4,215–4,225
- TP2: 4,250+
- TP3 (extended): 4,280+ if the breakout is impulsive.

✓ Secondary Scenario – Compression Before Break
If price stays inside the channel and moves sideways:
- Market remains bullish but indecisive.
- This builds liquidity for a stronger breakout later.
- No selling is recommended unless structure breaks.
This scenario still favors bulls—just slower.

3. Trend Bias (Intraday)
The dominant trend is:
➡️ BULLISH – Buy the dip, do NOT chase breakouts
Signs confirming bullish bias:
- Higher lows remain intact.
- Structure respects the ascending channel perfectly.
- Resistance is tested multiple times → weakening.
- Volume spikes on bullish waves, fades on corrections.

4. Professional Conclusion
Gold remains in a strong bullish continuation structure inside the rising channel.
Your ENTRY ZONE is positioned perfectly for a high-quality retest trade.
Plan of Action:
- Wait for the pullback to the trendline.
- Confirm bullish rejection.
- Enter long within the zone.
- Target the liquidity sweep above resistance.
Smart, calculated, high-probability setup. 🔥
Trade active
snapshot
It's totally exactly with my outlook market today - if you follow up we ready to take profit together.

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.