🔶 Technical Analysis

After breaking out of a larger descending channel, the price is currently trading within a short-term ascending channel on the 4-hour frame.
• General trend: upward revision in average downtrend
• Price is currently testing the strong resistance area of ​​4,850 – 4,900
• Penetration failures to date suggest clear sellers

📌Technical summary:
Correction up, but facing selling pressure

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🔶 Elliott Wave Analysis

Most likely scenario:
• Large bearish wave ends around 4,250
• Currently within the ABC correction wave
• the climb
• B fall
• C rising (we are in it now)

📌Expectations:
• Wave C ends around 4,900 – 4960 points,
• After this, there is a possibility of a strong decline (new wave)

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🔶Number Analysis (Fibonacci)
• Price rebounded from levels near 0.618
• Currently working towards:
• 0.786 ≈ 4,900
• 1.0 ≈ 5,050

📌 Strong reflection area:
• 4,900 (very important)
• 5,050 (hot selling area)

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🔶 Time Analysis⏳
• Current trend within a short correction period (3-5 days)
• We are approaching the end of the time cycle

📌Expectations:
• Reflect in the next 1-2 meetings

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🔶 Fundamental Analysis

Current status:
• Relatively weak US dollar = support for gold
• but:
• Fed’s statements become more stringent
• Interest rate expectations remain pressure on gold

📌Conclusion:
Basic support is temporary → the general trend is still not strongly bullish

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🔶 Price Action
• Price valid:
• Near peak (weak power)
• Explicit refusal to resist
• Indecision candle + upper tail line

📌Signal:
There may be a near reversal or false breakthrough before the decline.

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🔶 Supply and demand area

🔴Display area:
• 4,850 – 4,900 (currently)
• 5,000 – 5,100 (very strong area)

🟢Requirement areas:
• 4,700 – 4,650
• 4,600 – 4,550
• 4,200 (main areas of focus)

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🔶 Support and resistance levels

📊 Resistor:
• 4,850
• 4,900 🔥
• 5,050

📊 Support:
• 4,750
• 4,700
• 4,600
• 4,200

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🔶 Critical Level
Today’s increase is stable at 4800 points, and the upward target is 4850 points.
4900
w point
• Above 4,900 ➜ Consolidation = Continue to rise to 5,050
• Below 4,750 ➜ Consolidation = Beginning of decline
• Above 4,700 ➜ Confirms strong decline

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🔶Recommended (professional perspective)

🎯The strongest scene:
• Purchase starting from 4800
Target
4818
4828
4835
First resistance 4835
crack it
4850-4857 If a sell signal appears, you can sell your scalp
with the same goal
Break through 4860 completion goals
4864
4874
4884
4896
4900
Fall below 4800 and hold 4785
The trend reverses to 4700 with rapid upward momentum

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