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Gold is currently trading around 5198 after an organized move up within an ascending channel within the framework of the first half of the year, while the market is building a clear layer of liquidity within a tight range ahead of the next move.
• The current move follows a clear rebound from around the 5100 area.
• Price is moving within a short-term ascending channel, which indicates a gradual accumulation of buying.
• The market is now concentrated on two main levels:
support:
🔻5160
🔻5127
Resistance:
🔺5236
This area is not random…rather, it is an area of pre-expansion liquidity accumulation.
📊 Expectations
The most likely scenario at the moment is to continue trading in the range before attempting a breakout.
If price can stabilize above 5236, the market may begin to target the upside:
5333 → 5422
These are the main display areas on the top frame.
If 5127 is breached, we may retest deeper areas around 5063-5000 before fresh gains.
🎯Recommended
• As long as it holds 5127 points, buying is still the first choice
• Areas of greatest interest:
5160 – 5127
• A breakout of 5236 could open the way to:
5333-5422
There are people chasing candles in the market…
Some people understand where liquidity hides.
The difference is simple:
The first one is looking for deals…
The second waits for the price to arrive.
Risk warning:
Trading in financial markets carries a high level of risk and may result in the loss of capital. This analysis is for educational purposes only and is not investment advice.
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