Relentless Rally:Gold Won’t Rest Until 4500!?The 4300 series chapter has begun as expected, with gold continuing its strong upward trend, currently reaching a high near 4381. However, it is clear that after encountering resistance in the 4370-4380 area three times, gold has shown clear signs of a pullback. This could lead to the formation of a triple top structure in the short term, suppressing gold prices in the short term.
However, relatively speaking, as gold continues to rise, testing the 4280 area during the pullback before rebounding again, technical support has shifted to the 4320-4310 area. Furthermore, the validation of the pullback and the current strong upward trend will strengthen the support in this area to a certain extent, thus supporting gold's rebound.
Therefore, for the current short-term trade:
1. First, try to continue shorting gold with resistance at 4370-4380, targeting a pullback to the 4350-4340 area.
2. Once gold retraces to the 4320-4310 area, consider going long on gold, targeting the 4340-4350 area.
Candlestick Analysis
4300 is just the beginning, it is expected to reach 4500Affected by the continued impact of the US government shutdown, gold in the US market rose strongly. After hitting a high of 4292, it quickly fell back and rebounded, setting a new historical high of 4298. But judging from the current trend, this is obviously not the peak of gold prices. If the short-term rise continues, it is expected to test the pressure of the 4,300 integer mark.
As the short-term trend line is broken, the previous resistance is gradually transformed into support. Pay attention to the short-term support range of 4275-4260 below. If this range can be held, gold will set a new high.
OANDA:XAUUSD
Farewell to 4200 — The 4300 Era Begins!Gold has currently reached a high near 4295, just shy of 4300. Given the current upward momentum, it's easy for gold to continue its upward trend and test 4300. Because gold continues to hit new highs and break through the trend channel, there's currently no clear resistance zone above it, making it difficult to enter a short position in gold. Furthermore, a break above 4300 could significantly ignite bullish market sentiment and increase expectations for continued gold gains, pushing the price higher.
Therefore, we're primarily focusing on relatively significant support areas below. As gold's center of gravity continues to shift upward, its lows are gradually rising. Short-term support is concentrated in the 4265-4255 area, while further strong support lies in the 4240-4230 area. These two areas will be the long entry areas that we will focus on next.
Therefore, in short-term trading:
1. If gold first retreats to the 4265-4255 area, we can consider starting a long position in gold.
2. If gold continues to retreat to the 4240-4230 area, we can consider increasing our long position in gold.
3. If you still want to try to profit from the pullback, you can consider shorting gold in the 4298-4308 area. You must set a protection level (SL: 4300-4310) for counter-trend trading.
If you’re following this rally, don’t just watch — prepare your next move.
💬 Like & Follow for real-time updates and in-depth gold insights.
📈 Follow me for real-time gold insights &to my traders' channel for exclusive setups in bio!
CADJPY LONGMarket structure bullish on HTFs 3
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Daily EMA retest
Previous Structure point Daily
Around Psychological Level 107.000
H4 Candlestick rejection
Rejection from Previous structure
Levels
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
#GASUSDT #1D (ByBit) Falling broadening wedge breakout & retestNeoGas printed a golden cross on daily and a morning star at the same time, just like last year.
Also formed a triangle, seems likely to bounce on 200MA support then break bullish in the coming weeks.
⚡️⚡️ #GAS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 5.4%
Current Price:
3.281
Entry Targets:
1) 3.201
Take-Profit Targets:
1) 4.387
Stop Targets:
1) 2.607
Published By: @Zblaba
HOSE:GAS BYBIT:GASUSDT.P #1D #NeoGas #dBFT neo.org
Risk/Reward= 1:2.0
Expected Profit= +74.1%
Possible Loss= -37.1%
Estimated Gaintime= 1-2 months
NZDCAD SHORT Market structure bearish on HTFs 3
Entry at both Weekly and Daily AOi
Weekly rejection at AOi
Previous Weekly Structure Point
Daily Rejection At AOi
Previous Daily Structure Point
Around Psychological Level 0.80500
Touching EMA H4
H4 Candlestick rejection
Rejection from Previous structure
Levels
Entry 120%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
GBPUSD SHORT Market structure bearish on HTFs DW
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Weekly Previous Structure Point
Around Psychologicall Level 1.34000
Touching EMA H4
H4 Candlestick rejection
Levels
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Mastering the Hanging Man PatternAlright, traders, let’s talk about the Hanging Man candlestick pattern.
This one’s a classic, and if you know what you’re looking at, it can be a game changer when you’re spotting potential reversals. So, what exactly is the Hanging Man pattern, and how can you use it to your advantage? Let’s break it down.
What Is the Hanging Man Pattern?
The Hanging Man pattern appears when the market has been pushing higher, and then—bam—a sign that it could be running out of steam. It’s called the Hanging Man chart pattern because the candlestick looks like a little figure hanging by its feet, with a long lower wick. The body is small, and the lower shadow is long—typically at least twice the size of the body. This shows that while buyers were in control, sellers came in strong towards the end of the session, pushing prices lower.
Hanging Man candles can be red or green. Even though the candle is green, it still suggests the same potential reversal because the rejection of higher prices by the sellers shows weakening bullish pressure. The key point to remember is that the Hanging Man candle pattern signals potential exhaustion in an uptrend. It doesn’t guarantee that the trend is reversing, but it highlights that the bullish momentum is waning, which could be a sign that a reversal is near.
Where to Look for the Hanging Man Pattern?
Context is everything. The Hanging Man pattern is much more significant when it appears at the top of an uptrend. In this case, it suggests that buyers are losing control, and the market could soon turn bearish. If it appears after a downtrend, it’s known as an Inverted Hammer, and its interpretation is different—it could signal a potential reversal to the upside.
So, while the Hanging Man is typically seen as a bearish reversal indicator after a sustained uptrend, it is crucial to recognize that the context matters. A Hanging Man at the peak of a strong bullish trend often attracts attention from traders as a potential signal for a shift in momentum.
How to Confirm the Reversal?
The key to using the Hanging Man pattern effectively is the confirmation candle. After spotting the Hanging Man candlestick pattern, you’ll want to wait for a bearish candlestick in the next session that closes below the low of the Hanging Man candle. This confirms that sellers have taken control and that the market is likely heading lower.
It’s also important to consider the volume during the confirmation. A strong bearish Hanging Man pattern with higher-than-usual volume adds strength to the reversal signal. If the confirmation candle has low volume, it might not carry as much weight, so always consider the volume when confirming the pattern.
However, the Hanging Man candlestick pattern is not foolproof. A Hanging Man trading pattern without confirmation can sometimes lead to a false reversal, especially in markets with high volatility or when the overall trend is still strong.
False Signals and Pitfalls
One of the biggest challenges when trading the Hanging Man pattern candlestick is false signals. In choppy or sideways markets, the pattern may form but fail to lead to a true reversal. To avoid these traps, consider waiting for the confirmation candle and also use other tools to verify the signal, like:
Trendlines: Ensure the market is actually in an uptrend before considering the Hanging Man pattern.
Support/Resistance Levels: Wait for a breakdown below a significant support level to increase confidence in the reversal.
Momentum Indicators (e.g., RSI or MACD): Use momentum indicators to confirm that buying pressure is truly weakening, as suggested by the Hanging Man pattern.
These additional tools can help you filter out false signals and increase the reliability of your trades.
The Hanging Man pattern can be a valuable tool when used correctly, but it’s not a standalone signal. It works best when combined with other forms of technical analysis, such as momentum indicators, trendlines, and volume analysis. Be patient, wait for confirmation, and always manage your risk. The Hanging Man trading pattern is a great addition to your candlestick pattern toolbox, but it should be used as part of a broader strategy that includes multiple indicators and sound risk management.
DG -How the Dotted Line Sets Up🔹 Definition
The Dotted Line marks the termination of a prior trend.
It’s drawn at the highest high of an uptrend or the lowest low of a downtrend.
Together with the Block Level , it defines the outer edge of congestion — where trend energy has been spent and the market is preparing to shift direction.
When the dotted line begins to appear, it signals that momentum is fading and buyers or sellers are losing control .
⚙️ How the Dotted Line Sets Up
A dotted line setup develops through a series of termination events — signs that price can no longer advance in the direction of the trend.
Multiple 5-9 terminations begin holding on close.
This clustering shows price repeatedly failing to continue.
After 5-9s, a 5-2 termination starts to hold — often from one or two bars back.
If no 5-2s are visible, a 5-1 termination may take over, often combined with a 1-1 zone for added resistance or support.
A 6-1 termination then confirms the exhaustion phase.
Any existing c-wave (momentum thrust) will stop immediately — energy has run its course.
The envelope confines (top or bottom) begin to hold against the trend. This marks the containment of price movement.
If price reaches a further-out area , it typically converts to a nearby zone on the next bar — energy compresses inward.
The setup is confirmed only when the nearby support or resistance holds .
⚖️ Nearby Support and Resistance
“Nearby” zones are the areas of immediate price engagement — where short-term pressure builds and releases.
They are formed from:
PL Dot or Live PL Dot
1-1 zones
5-9, 5-2, 5-1, 6-1 terminations
Envelope borders and main channel lines
Interpretation Guide :
If Close > Envelope Top → nearby support lies between the Envelope Top and PL Dot.
If Close < Envelope Bottom → nearby resistance lies between the Envelope Bottom and PL Dot.
When price is inside the envelope , the PL Dot serves as the market’s balance point.
🧩 Summary
The Dotted Line marks the end of a move — a termination zone , not a breakout.
When it forms:
Terminations (5-9 → 5-2 → 5-1 → 6-1) appear in sequence.
The c-wave loses strength.
The envelope contains price.
Nearby levels begin to hold.
This is where trend energy fades and the next structure begins —
a pause, reversal, or new congestion phase .
Possible Next Moves for Ethereum | ETH 1H Analysis D2👋 Hey everyone! Hope you’re doing great! - ❤️ Welcome to Satoshi Frame .
📅 Today we’re diving into the 1-hour Ethereum analysis. Stay tuned and follow along!
👀 On the 1-hour timeframe of Ethereum (ETH), we can see that ETH is currently moving inside a triangle compression structure, and it has now reached the final third of that triangle — meaning we’re waiting for a breakout to trigger a trade. The red trendline, which forms the upper edge of the triangle, acts as a dynamic resistance and overlaps with the $4064 resistance zone — creating a strong Long trigger setup. The bottom of the triangle acts as our Short trigger, where a confirmed break below it, combined with a Maker Buyer zone breakdown, could start ETH’s next move and break it out of this compression phase.
🧮 Looking at the RSI oscillator, ETH is currently fluctuating between 56.4 and 30. A breakout beyond either side of this range could enhance trading volatility and increase ETH’s momentum in the upcoming move.
🕯 Analyzing ETH’s volume, we can see that upon reaching the Maker Buyer zone, buying volume has increased — causing a noticeable reversal reaction from that level. If ETH continues to see increased buying pressure, it can break through resistance; otherwise, if it faces selling pressure, a large whale candle will be needed to break the Maker Buyer zone to the downside.
🧠 For Ethereum positioning, we can define two clear scenarios — since the price is near the end of its compression, these setups are relatively simple and well-defined:
🟢 Long Scenario: A breakout above the static + dynamic resistance at $4064, combined with RSI moving above 56.4 and increasing buying volume, could push ETH toward higher resistance levels.
🔴 Short Scenario: A break below the key Low at $3692, accompanied by a large whale candle cutting through the Maker Buyer zone and RSI dropping below 30 to enter its 1-hour OverSell area, would confirm bearish momentum. Note that if ETH dips slightly these days, many major projects, institutions, and even government-linked entities have been accumulating heavily within this identified Maker Buyer zone — so it’s wise to approach short positions with reduced risk exposure.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Can BTC break the 111681$ resistance? | BTC 1H Analysis D2👋 Hey everyone! Hope you’re doing great! - ❤️ Welcome to Satoshi Frame .
📅 Today we’re diving into the 1-hour Bitcoin analysis. Stay tuned and follow along!
👀 On the 1-hour timeframe of Bitcoin (BTC), we can see that — similar to USDT.D — it is moving within a range box, but inversely positioned near a Maker Buyer support and a multi-timeframe Low at $111,681. A confirmed breakout above this zone could push Bitcoin upward toward the box midline.
🧮 Looking at the RSI oscillator, we can see that it’s currently oscillating between the Oversell (30) Low and the static ceiling around 53. A breakout beyond either of these boundaries would likely signal the start of Bitcoin’s next move.
🕯 Recent volume on Bitcoin has increased as it reached the Maker Buyer zone — strong buying pressure from market makers has helped defend this support level effectively. Right now, Bitcoin sits just below a resistance area that will require a significant uptick in buying volume to break and confirm stability above it.
🧠 For Bitcoin positioning, we can consider that this current Low is very strong and unlikely to break easily, so the main focus should remain on long positions:
🟢 Long Scenario: Once Bitcoin breaks the multi-timeframe resistance at $111,681, combined with RSI surpassing the 53 threshold and a visible increase in buying volume, a long position setup becomes valid.
🔴 Short Scenario: Since the Maker Buyer support is very strong and USDT.D has been repeatedly rejected at its top, it’s better to wait until the Maker Buyer zone breaks with a large whale candle before considering short setups.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
AUDUSD: Weak DowntrendKey Observations:
Price is holding below the daily HTL, which gives me a bearish sentiment
The latest reaction from the daily HTL is a bit weaker, which gives me a small point of concern
This is going to be another attempt to trade the price acceleration from the EMA band to the downside
If price fails to make a significant low, I think it's safe to say that we'll see a reversal and stronger likelihood to the upside
Can USDT.D break the Taker Seller Zone ? | USDT.D 1H Analysis👋 Hey everyone! Hope you’re doing great! - ❤️ Welcome to Satoshi Frame .
📅 Today we’re diving into the 1-hour Bitcoin analysis. Stay tuned and follow along!
👀 On the 1-hour timeframe of USDT.D, we can see that after the news of Trump imposing tariffs on China, USDT.D experienced an extremely sharp pump — rising from below 4.3% to near 5%. After that, it formed a trading-range box in this zone. The top of this box lies around 4.89%, overlapping with a “taker-seller” resistance zone where Tether’s market share is currently capped. There’s a key midline at 4.74% and a bottom at 4.59%, completing this trading-range pattern. Price has tested the top three times but failed to break it, meaning USDT.D remains trapped below resistance. A 15-minute multi-timeframe Low has also formed at 4.83%, creating a new structure that, if broken, could trigger Tether selling.
🧮 Looking at the RSI oscillator, since October 12 it has tried three times to enter its 1-hour OverBuy zone but failed each time. Each rejection from around the 70 level led to selling pressure and movement back toward its 50 support zone. This 50 level is a very important static resistance — a breakout above it could push USDT.D toward higher resistance levels. The 50 RSI zone also overlaps with the 4.83% price level, meaning if that area is lost, selling pressure and volume decline could begin.
🕯 The size and volume of recent USDT.D candles show weakness every time it reaches the 4.89% top. Breaking the taker-seller zone will require a large “whale” candle — a strong, high-volume bullish move that can fully absorb the sell orders placed there. In short, breaking this level needs a strong price surge and maximum buying pressure.
🧠 To manage or open new positions using USDT.D as a guide, we can consider these scenarios:
🟢 Breakout of the taker-seller zone: This breakout could be triggered by news or even a Trump tweet :) From a technical standpoint, this area needs a massive, high-volume “whale” candle so that all sell orders in this zone get filled instantly. Once price surges and holds above it, the next resistance would be around 5.1%.
🔴 Break of the 15-minute multi-timeframe Low: This Low sits at 4.83%. A confirmed close below it could signal the start of selling and volume decline. In this scenario, the next support for USDT.D would likely be the box midline — around 4.74%.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Mission Complete: 4245-4250:Time to Flip Short on Gold!Gold has already reached a high of around 4246, and its upward momentum has relatively weakened. To be honest, under the current market conditions, I do not advocate aggressively chasing gold above 4240, because as gold continues to rise, more and more callback risks are accumulated! We can also see that each surge in gold is followed by a clear pullback. So even if we choose to short gold, we can still get a good profit margin in the short term!
Although gold is on an overall upward trend, I still divide the rising channel into three areas; the first area: 4250-4220; the second area: 4220-4190, and the third area: 4190-4160. As gold rises, the technical traction of the lower area on the gold price becomes stronger. Therefore, according to the first area division, in the short term, gold has the need to at least retreat to the area near 4220. Even after falling below the area near 4220, it may continue the downward trend to the 4220-4190 area.
Therefore, in terms of short-term trading, I would prioritize trying to short gold in the 4245-4255 area, first targeting the short-term retracement area: 4230-4220 as the target.
If you’re following my trading strategy, don’t just watch — prepare your next move.
💬 Like & Follow for real-time updates and in-depth gold insights.
📈 Follow me for real-time gold insights &to my traders' channel for exclusive setups in bio!
NZD/CAD: True Bullish Reversal?! 📈NZDCAD formed an inverted head and shoulders pattern.
The subsequent neckline breakout serves as a strong bullish reversal signal.
The previously broken neckline now serves as a key support level.
Consequently, we anticipate bullish price movement, potentially reaching the 0.8085 resistance level.
EURNZD: Intraday Confirmation?! 🇪🇺🇳🇿
A quick follow-up for EURNZD.
I see some intraday bullish confirmation on an hourly time frame
after a retest of a broken structure.
A double bottom pattern on that provides a strong bullish clue.
I expect a rise now at least to 2.0375
❤️Please, support my work with like, thank you!❤️
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Long trade
1Hr Tf overview
📘 Trade Journal Entry
Pair: SUIUSDT.P
Date: Mon 13th Oct 25
Time: 10:30 am
Session: London → New York Session AM
Direction: Buyside Trade
Timeframe: 4-Hour
🔹 Trade Details
Entry: 2.8172
Profit Level: 3.2539 (+15.50%)
Stop Level: 2.7944 (–0.81%)
Risk-Reward (RR): 19.15
🔸 Technical Context
Model Type: Accumulation → Consolidation → Breaker Block → FVG Continuity
Narrative:
Price consolidated within a compression phase at the base of the prior liquidity sweep. The reaccumulation formed after a deep mitigation into a 4H FVG, aligning with the 50 EMA reclaim and VWAP equilibrium retest.
4Hr
CHOCH and BOS confirm directional shift from previous markdown.
FVG cluster at 2.80–2.85 served as the low-risk entry zone.
Volume expansion and liquidity absorption are evident around 2.81.
The target region is mapped to the prior imbalance and breaker block at 3.25
(HTF premium zone). Market structure gap fills coincide with 0.75 Fibonacci projection — confirming confluence for TP.
🧠 Sentiment Context
Market sentiment remains risk-on, as broader altcoin rotation regains traction after weeks of compression. The Fear & Greed Index showing recovery above 45 suggests returning investor confidence. SUI fundamentals (emphasis on scalable gaming-focused blockchain) further align with speculative inflows into high-throughput L1 ecosystems.
⏱️ Trade Management Notes
Entry confirmation via a break of micro-swing high and volume-backed displacement.
Partial profits recommended at 3.10 (mid-range liquidity). Continue monitoring reaction around 3.25 — a likely short-term distribution point before next accumulation.
Don't miss any opportunity to go long on a pullbackAfter we gave our trading ideas last night, gold touched the upper pressure level as expected. After we tried to arrange short orders as planned, we left the market safely in the early morning.
At present, gold continues its strong upward trend, with daily lines closing positively for consecutive days, and the bull-dominated pattern is further consolidated. I have pointed out many times before that the current gold price deviates greatly from the moving average, and the indicators show overbought divergence characteristics. We need to be vigilant about possible short-term correction needs, which has also been verified many times. In the short term, gold continues to rise again. The upper pressure can be focused on 4260-4270, which is also the channel suppression level. When it is touched for the first time, you can try to short with a light position.
But remember, our core trading ideas remain unchanged and we remain bullish in the medium to long term. Short selling is only an auxiliary trading strategy. Any downward adjustment before effectively breaking through the key support point can be regarded as a short-term technical correction, thus providing a better entry opportunity for bulls.
Pay attention to the support of 4205-4190 below. If it retreats to here, you can continue to go long on gold. The important strong support is still 4140.
OANDA:XAUUSD
GBPUSD – Experiencing a Painful Short Tem SqueezeIt has been a difficult past 7 days for GBPUSD traders. First, prices broke below 1.3320 last Thursday, a level that had held on previous sell offs since the start of September and it looked as though sentiment had turned down, backed up by concerns surrounding the sustainability of UK government debt, flatlining growth to start Q3 and uncertainty regarding the tough decisions the UK Chancellor may have to make regarding spending cuts and/or tax increases in her much anticipated Autumn budget (November 26th). This was all at a time when the US dollar (USD) faced a resurgence after stale underperforming short positions were cut back.
The GBPUSD sell off looked to be further cemented on Tuesday by UK employment data which showed private sector wage growth to be slowing faster than expected, leading markets to price in a greater probability of Bank of England (BoE) rate cuts in early 2026, a move which sent GBPUSD prices down to a 3-month low at 1.3248 on Tuesday. All good for the shorts so far!
At this stage all looked set for the drop to accelerate to even lower levels but then suddenly in stepped Federal Reserve Chairman Jerome Powell, who in a speech on Tuesday evening indicated increased policymaker concerns regarding a slowdown in the US labour market, which reinvigorated investor hopes that the US central bank could be ready to cut interest rates again 25bps (0.25%) at their next meeting on October 29th. This sent the dollar lower, which in turn saw GBPUSD move all the way back up to a potential short-term resistance at 1.3420 (more on this in technical update below) this morning as traders were forced to cut weak short positions, or face the possibility of an extended squeeze.
Looking forward, the environment into the weekend may remain challenging, with traders awaiting the outcome of important inflation data in the UK next Wednesday (CPI, 0700 BST Oct 22nd) and the US on Friday (CPI, 1330 BST Oct 24th), and this could mean the technical outlook may take on more significance.
Technical Update: Focus on Long Term Support Range
Since mid-April 2025, GBPUSD has traded within a broad, choppy sideways price range. Upside attempts have stalled at 1.3789, the July 1st failure high, while the downside has been contained by a support range marked by 1.3118, the 61.8% retracement of the April 7th to July 1st rally and 1.3140, the low from both May 12th and August 1st.
In this type of environment it can be helpful to identify and monitor potential important support and resistance levels that may influence where GBPUSD price activity could move next.
Possible Resistance Levels:
While a closing break above 1.3789, the July 1st high may be needed to suggest a breakout from the current broader range, breaks of shorter-term resistance levels if seen, could still trigger a phase of price strength. These interim levels may warrant attention in the sessions ahead.
Attempts to push higher in late September and early October were capped by the falling Bollinger mid-average, which stands at 1.3420, and is currently being tested at the time of writing (0700 BST). With the average still declining, this level may now act as an initial resistance again.
Following the price recovery so far this week, closing breaks above 1.3420, while not an outright positive, could lead to renewed attempts at price strength and see tests of potential resistance at 1.3527, the October extreme, even 1.3726, the September 17th failure high. That said, if as suspected, GBPUSD remains within a broad sideways range, it might well take a closing break above the 1.3789 high to suggest more sustained upside attempts.
Potential Support Levels:
With a rally emerging from Tuesday’s 1.3248 low, this level may now act as an initial support in the near term.
If closing breaks below 1.3248 were to emerge in upcoming sessions, this could renew pressure on the 1.3118/40 support band, the key zone that has repeatedly contained prior declines within the broader sideways range. Monitoring the closing defence of 1.3118/40 might prove to be important moving into next week.
Should 1.3118/40 give way on a closing basis, it may lead to increasing downside momentum, with some traders then viewing the 1.2708 April 7th low as the next potential main support level.
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The Charge Sounds Again — Marching Toward 4240–4250!Currently, gold has once again hit a new high in a volatile upward manner and touched around 4228. Although the bullish momentum has slowed down compared with before, it still has enough strength to control the situation and dominate. Coupled with the support of multiple safe-haven factors, the market bulls can still continue to move upward after a brief rest!
It can be clearly seen from the current technical form and structure that gold has rebounded again after retreating to the area near 4180 several times. There are many obvious lower shadows in the candle chart. It can be seen that gold has built a new rising relay platform near 4180 in the short term. Gold may use this as a springboard to continue to rise and launch a charge towards the 4240-4250 area in the short term!
According to the trend structure, as the center of gravity of gold continues to move up, the support area has moved up to the 4215-4205 area in the short term. If gold cannot fall below this area during the retracement, gold may continue to rise with this as support. Then, the first thing we need to pay attention to is the 4240-4250 area.
So, for short-term trading:
1. If gold first retreats to the 4215-4205 area, we can consider going long on gold in small quantities. Since the entry level is relatively high, it's important to set up protection measures during the trade.
2. If gold continues to rise to the 4240-4250 area, if gold first touches this area, we can consider going short on gold in small quantities. Since this is a counter-trend trade, it's also important to set up protection measures during the trade.






















