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A retest of the trendline could lead to the next uptrend


Market background (macro→flow)
Gold remains highly sensitive to macro news as markets continue to price in uncertainty about the Fed’s policy path and real yields. While there were no major shocks today, capital flows showed a return to defensive positioning on dips, providing support for gold prices despite recent volatility.
➡️ This environment favors buying on reaction rather than chasing breakouts.

Technical Structure (First Hour)
Prices are still trading below the downtrend line, but downward momentum is fading.
The current trend is a technical correction of Fibonacci discount + structural support.
No bearish confirmation persists – sellers lose engagement.
➡️This is a decision-making zone where reactions will determine the next phase.

Main trading areas and levels
🔹 Buying area (reaction area):
4,880 – 4,870
(Trendline Support + Fib 0.618–0.786 + Previous Reaction Zone)

🔹Cancellation:
Closed below 4,820 in the first hour → buying idea weakened.

Possible targets (if bullish reaction continues):
🎯 TP1:5,070
🎯 TP2: 5,333 (1.618 extended/primary recovery target)

Implementation Notes
Don’t enter blindly → wait for bullish candle reaction or confirmation of higher lows.
Expect volatility to rise significantly; manage volume accordingly.
Structure > Title

generalize
Gold is squeezed into a highly converging support area.
If buyers defend this area, a strong recovery phase towards 5,070 → 5,333 is possible.
If not, patience trumps expectations.

📌 Trade reactions, not expectations.



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