TVC: GOLD Gold Update by MR_gold2 — TradingView

� Current price

• 4331 – 4335
• After significant correction from top ≈ 4500

🔍Comprehensive analysis of gold

1️⃣ Technical Analysis

• The overall trend in the medium-term framework is Bullish.
• price:
◦ Slightly higher than MA Long ≈ 4347
◦ Very close to MA Short ≈ 4346
•
• Existence of price between averages = area of ​​volatility/resolution
• Major structural supports have not been breached.

2️⃣ Elliott Wave Analysis

• The final rise represents:
◦ Strong driving wave(3)
•
• Down from 4500:
◦ Correction wave 4
•
• Wave 4 conditions remain valid as long as the following conditions are met:
◦ The price is above 4250
•
• Upward wave 5 has not started yet.

3️⃣Time analysis

• Gold enters natural correction time window after strong rebound.
• We often need to:
◦ Transient fluctuations/convergences
◦ Before completing the trend
•

4️⃣ Numerical Analysis (Fibonacci)

• The current correction value is close to:
38.2% FIBO
•
• Zones 4315 – 4280:
◦ Excellent digital area for correction
•
• Breakout of 4250 = changes the scenario.

5️⃣Fundamental analysis

• There is no strong negative news affecting gold.
• US Monetary Policy:
◦ looser than before
•
• Basics:
◦ Bullish on gold in the medium term
•

6️⃣ Price trend

• Landing:
◦ Not impulsive
◦ Mixed candles (corrections rather than reversals)
•
• there is nothing:
◦ Clear bottom break
◦ No strong selling engulfing candle
•

7️⃣ Support and resistance

🟢Support:

• 4315 – 4300 (current support + MA)
• 4250
• 4180 (very strong support)

🔴Resistor:

• 4400
• 4470
• 4550

8️⃣ Technical model

• There is no complete bearish reversal pattern.
• move:
◦ Corrections in an uptrend
•
• Any breakout of the bottom of an ascending channel is just a warning.

9️⃣ Digital model

• FVG area continues to rise:
still respected
•
• Prices move within a numerical equilibrium range.

🔟 Harmonic model

• Formation probability:
◦ Bullish on Gartley or Bats
•
• D potential zone:
◦ 4280 – 4230
•
• Model incomplete → Positive.

1️⃣1️⃣Supply and demand areas

🟢Requirements:

• 4315 – 4280
• 4200 – 4180

🔴Discount:

• 4400 – 4450
• 4520 – 4550

1️⃣2️⃣Fixed point

• Explicit fixed points:
◦ 4300
•
• Above its stability:
◦ Positive
•
• The daily closing prices are as follows:
◦ Deeper corrections
•

🧭 Pivot area

• 4300 – 4320
• The most important decision-making areas in the current market.

🎯Final recommendation

🟢 Positive case (most likely)

Reversal candle appears on the hourly frame awaiting support buy confirmation
• Purchasing areas:
◦ 4315 – 4285
•
• Later goals:
◦ 4400
○ 4470
◦ 4550
•

🔴 Negative Scenario (Alternative)

• in case:
◦ A clear breakout and close below 4250 points
•
• The scene becomes:
◦ Deeper revisions to 4180
•

⚠️Brief summary

• Overall trend: Bullish
• Current trend: Healthy correction
• No selling from the bottom❌
• Only buy from confirmed support ✔️
• 4300 = Market key now