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Market environment (short term)
After the previous sharp sell-off, gold has recovered and returned to the ascending channel.
The current price action indicates a technical rebound and rebalancing phase rather than a complete trend reversal.
The market structure includes lower highs within the channel, suggesting buyers remain in control of short-term flows.
Technical architecture and key areas
Prices are consolidating near the middle of the ascending channel range.
The correction remains small, showing healthy bullish behavior.
Key technical levels on the chart:
Sell/Resistance Area: 4,461 – 4,465
Hub area: 4,422
Buy Area 1: 4,393
Buy Zone 2 (Gap/Order): 4,366 – 4,350
Deep buy zone: 4,329
→ The lower buy zone coincides with uptrend line support + demand + price gap, making it a high probability reaction zone.
Trading Plan-MMF Method
Basic scenario (buy trend following):
Wait for the price to drop to 4,393 → 4,366.
Look for bullish confirmation (rejection cues, strong close, holding structure).
Purchase after confirmation.
Target:
TP1: 4,422
TP2: 4,461
Secondary scenario (short-term sales):
If the price reaches 4,461 – 4,465 and fails to break out and hold, a short-term pullback is possible.
The sell setup here is trend resistance only, with strict risk management.
Cancellation instructions and risks
If the price settles decisively below 4,329, the bullish structure will be cancelled.
Avoid worrying about missing out in the middle of the range.
Execute trades only in critical predefined areas.
As the market is still in a technical adjustment phase, please adjust your position size carefully.
