1️⃣ Technical Analysis-Technical Aspects

✔️ The most important notes on the chart:
• Prices exited the slight downward channel strongly.
• Now retesting the old FVG area which turned into resistance at 4235.
• The main ascending channel remains intact.
• District 4205 has become an excellent local support.

✔️Technical scenario:
• Breakout of 4235 with a strong candle = opens the way to 4250.
• Failure at 4235 = return to retest 4210.

⸻

2️⃣ Wave Analysis-Elliott Waves

The current wave is:

📌 Wave 5 is rising
After the fourth wave ends in the 4160-4180 area.

According to measured Wave 5 targets:
• First target: 4250
• Second target: 4280
• Third target (extension): 4315

Wave valid conditions:
❗ Don’t break 4205

⸻

3️⃣Time analysis
• Current cycle is 2-3 days.
• The current rise started yesterday and, depending on the trading session, would naturally continue into today’s US trading session.
• Now in the middle of an uptrend.

⸻

4️⃣ Numerical Analysis – Numerical Level
• 4220 = Bullish activation point (blacked)
• 4235 = digital resistance point
• 4250 = numerical target
• 4180 = Main trend fixed point

⸻

5️⃣ Fundamental Analysis – Fundamentals

Fundamentals currently support an increase:
• Weak dollar
• Declining returns
• Interest rate cut expectations continue to grow
• The market is in a risk-on mood
• No gold-threatening news today

Fundamentals = Bullish.

⸻

6️⃣ Price Action

In a 15 minute frame:

✔️ Consecutive bullish candles
✔️Positive Momentum
✔️ But… there is a slowdown candle at 4232
✔️ No strong rejection yet

Price Action says:
The market is waiting for a strong breakout of 4235.

⸻

7️⃣ Support and resistance

support:
• 4216
•4205
• 4180–4160 (very strong bottom)

Resistor:
• 4228–4235 (current resistance)
• 4250
• 4280

⸻

8️⃣ Art Model-Pattern

Picture shows:
• Falling wedge breaks upward
• Ascending channel
• Bullish Flag
• Small W model
• They all favor a breakout of 4235 as soon as possible.

⸻

9️⃣ Number pattern

The digital model currently taking shape aims to:

🎯 4250→4280

⸻

🔟 Harmonics

There is a small bat model PRZ, ending in 4160-4170.

Model goals:
• 4235 (arrived)
• 4250 (upcoming goals)
• 4280 (the ultimate goal of the model)

⸻

1️⃣1️⃣Supply and demand areas

Areas of need:
• 4205–4216
• 4180–4160

Display area:
• 4228–4235 (under testing)
• 4250
• 4280

⸻

1️⃣2️⃣Fixed point

📌 4216 = Stable instantaneous trend
📌 4205 = Fix wave direction
📌 4180 = Seize the trend

⸻

1️⃣3️⃣Pivot area

📌 4220–4235
The current decision area limit is 4235.

⸻

⭐ Recommended

✔️Purchase scene

🔹Buy yesterday 4216-4210 promotion

🔹 Buy when there is a clear break above 4235 and a strong candle appears

🎯Goal:
• First target: 4235
• Second target: 4250
The third goal is 4260
Long-term target 4280-4300

🛑 Stop loss is close

Below 4200

Small but safe stop.

⸻

✔️ Sales scenario (very weak)

Only if 4205 is broken:
• Approximately 4180 units sold

⸻

🔥 Final conclusion
• Gold is bullish
• But now the iron resistance of 4235 is being tested
• Breakout = Explosion to 4250

•
Important tips

Analysis may change as the chart moves
We do not provide you with financial and investment advice
Instead, we provide you with scientific and educational content
You are the only one responsible for pressing the buy and sell buttons

analyst
Engineer Ihab
Sayed Al-Dhahab Telegram Channel

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