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In the medium term, gold is still in an upward channel. Following a strong bullish impulse, prices are currently in a technical rebalancing phase rather than a trend reversal. The recent decline is seen as absorbing liquidity in preparation for the next expansion.
Market Structure and Order Flow (MMF/SMC)
The overall structure of the market remains high-low.
The price is clearly reacting from the demand zone/lower demand zone, confirming the presence of buyers.
Buyer liquidity remains above the upside, acting like a magnet for the next upside.
Key technical level
Basic buying zone: 4,485 – 4,490
Secondary Buy Zone: 4,480 – 4,483 (Demand Block Convergence + Trend Line)
Resistance/Target 1: 4,520
Target 2 (Liquidity Area): 4,560 – 4,590
Trading scenario
Basic scenario:
Wait for price to drop back into the buy zone, look for a slight structural reaction/breakout, and then continue the uptrend.
Alternative:
If the price remains above 4500 and breaks strongly above 4520, wait for a retest to continue long positions.
Cancel:
The one-hour closing price was significantly below 4,480 points, indicating that the bullish pattern is invalid and needs to be re-evaluated.
generalize
The general bias remains bullish for continuation. The best strategy is to buy the dips, be patient, and avoid chasing the highs.
