TVC: GOLD Gold Update by MR_gold2 — TradingView

🔴First: Technical Analysis
• Price is in a partially broken downtrend, then switches to a short-term uptrend
• Currently, the price has reached above the strong supply zone + FVG
• There is clear rejection (bearish candle after hitting this area)

📌Conclusion:

The overall short-term trend is bullish, but is currently in a downward correction into strong selling territory

⸻

🔵Second: Elliott Wave Analysis
• Last drop = pulse wave
• Current rise = ABC correction
• A → Ascending
• B → simple correction
• C → Connect display area

📌 We are now frequently seen at:

Wave C ends → a new downward wave begins

⸻

🟡Third: Time Analysis
• Several candles continue to rise with the same momentum → entering the saturation phase
• Reflection occurs when:
• Time Crossing + Resistor + FVG

📌 Timing support:

Beginning of short falling period (1H to 4H)

⸻

🟢Fourth: Numerical Analysis (Fibonacci)

From last bottom to top:
• 0.5 ✔️ Corrupted
• 0.618 is close to the current reversal zone

📌This shows:

Existing area = ideal sales area

⸻

🔴Fifth: Fundamental Analysis

According to Powell’s recent statement:
• Inflation remains high
• No clear sign of rate cut
•
The labor market is softening

And Trump’s speech yesterday
📌Efficacy:
• Short term: Gold under pressure (down)
• Moderate: Test positive later

⸻

🟣Sixth: Price Action

Very clear:
• Show area of ​​strong repulsion
• Bearish Engulfing Candle
• FVG fails to penetrate

📌 Price Action:

Distribute, not collect

⸻

🟤Seventh: Support and Resistance

🔺 Resistor:
• 4750 – 4800 (strong sales area)
• 5000 – 5200 (very heavy display)

🔻 Support:
4550 immediately
• 4500 (currently supported)
• 4400 (vital support)
• 4100 – 4200 (major demand area)

⸻

🟩Eighth: Supply and demand areas

🔴Supply:
• 4700 – 4800 (now active)
• 5000+

🟢Requirements:
• 4400 – 4500
• 4100 – 4200

⸻

🔶Ninth: Technical Model
• Downward channel → Breakout to the upside
• Now:
Callback model + failed retest

⸻

🔷Tenth: Harmonic Model

There is a possibility:
• AB=CD model
• Or the bat is light.

📌Reflection points:

Area – 4800 ✔️ (Achieved)

⸻

⚫ 11th: Axial area

– 4650
• Above → Ascending
• Below → sinking

Price is currently breaking through → negative

⸻

⚪ Twelve: Repair point

🔹Install and purchase:
• 4450

🔹Installation sales:
• 4750

⸻

🎯Recommended (the most important)

🔴Sales scenario:
• From: 4650, first current resistance
• Target:
4605
4584
4574
4550
Stability below 4550 paves the way towards 4500
4460

⸻

🟢 Purchase scenario (only if it happens):
• Price stabilizes above 4600 or forms a double bottom above 4550 and respects the 4550 support zone.
Target
• 4600
• 4650
4700
4727
4750
4800
4880