Double bottom activated – next target 4800? TVC: GOLD by Chum_trades — TradingView

At present, the gold price has successfully broken through the 466X area, confirming a double bottom pattern in the short term, pushing the gold price to move to a higher resistance area.

personal vision

I still tend to look for buying opportunities when prices move back into support areas.
But I also expect a deep liquidity pullback before the rally continues.

Purchase/Support Area

4660 | 4660 4640 | 4640 4600–4610 | 4583–4584

Main market structure areas

4545 → Area where buyers maintain bullish structure

resist

4772 | 4795 | 4800

Possible extensions: 488X

bias
I prefer buying dips rather than chasing breakouts
Beware of falling liquidity and candles with long lower tails
Short-term selling scalps can be executed in the overhead resistance area
main idea

The market currently looks to be on a slow rise rather than an explosive breakout.
As long as the 4545 mark is held, the short-term structure is still under the control of buyers.

In the short term, gold may continue to gradually rise, waiting for tomorrow’s non-farm payroll data.

“Strong trends rarely move in a straight line—they first bring in impatient traders.”

Do you think gold prices will continue to gradually rise – or will they return to a deep test of support before continuing higher?