Small corrections before next top Lana ✨

Gold prices have risen sharply and are currently in a high resistance zone, where prices typically require a mild correction or consolidation to re-establish liquidity before attempting higher levels again. The overall trend remains bullish, but the next cleaner entry opportunity may come from a structural pullback rather than chasing the highs.

📈 Market structure and trend background

Prices are still following a broader bullish structure, but the current price action has been extended following a strong pulse move.
The market is currently reacting below the highest resistance area, which typically produces short-term profit-taking and liquidity reactions before continuing.

As long as prices remain above major structural support, the uptrend remains intact.

🔍Main technical areas

Highest resistance area: 5585 – 5600
This is a unique area where price may hesitate or reject in the short term.

First support zone: 5508
Key decision level where price can rebalance before choosing a direction.

Buy Liquidity Area: 5446 – 5450
Liquidity is strong and buyers are more likely to re-enter.

Long-term support area: 5265 – 5285
If volatility expands into a broader correction, the core area will be deeper.

🎯 Trading scenario

Gold is likely to correct modestly from resistance and retest structure before pushing higher.

Buy entries: 5446 – 5450
Stop loss: 5438 – 5440

Profit target:

TP1:5508

TP2: 5538 – 5545

TP3: 5585 – 5600

TP4: 5650+

A lower pullback towards 5508 may also be enough to reset momentum before another attempt higher, but repeated rejections at the top will increase the risk of a deeper correction.

🧠Lana’s POV

Gold remains bullish, but the market is currently at a level where patience is more important than speed.
The focus should not be on chasing price close to resistance, but rather continue to focus on how price reacts during pullbacks into key structural areas.

✨ Respect the structure, manage the risk, and get the price to your level.

Source link