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Uptrend continues, but signs of near-term weakness are pointing to trade reaction, not impulsiveness
quick summary
Gold remains in a strong uptrend during the first half of the year, continuing to make higher highs and higher lows in a clear bullish structure. But after the recent sharp rise, prices are beginning to slow down near their highs, raising the possibility of a short-term pullback and two-way price action.
➡️The general trend is still upward, but execution should be driven by levels and feedback rather than chasing momentum.
artistic vision
Prices are currently trading at a higher level relative to the previous structure as previous buying activity has been absorbed.
Key price areas to watch:
Short-term selling zone: 5520 – 5530
Upper resistance zone: near 5600
Pullback buying zone: 5405 – 5420
Main buying area: 5150 – 5155
The current structure favors a period of decline and rebalancing before a sustained move higher.
Trading scenario
Sell – short-term feedback trade
If the price shows weakness, look for sell reaction near 5520 – 5530.
The downside target is close to 5420 points, and if there is a correction, further declines are possible.
These sales are strategic, short-term and not a call for a trend reversal.
Buy – in line with the main trend
main scene
If this area holds, a pullback to 5405 – 5420 is a buy.
The target is back to 5520 and above.
deeper scenes
If volatility increases, wait for price to move back to 5150 – 5155.
This area offers the best risk-reward ratio for trend continuation.
Main points
Strong trends are always correct; patience is important.
Avoid getting into the middle range where risk outweighs reward.
The short position is strategic only, while the broader structure remains bullish.
What is your plan: sell around 5520 – 5530, or wait patiently for a pullback to 5405 – 5420 to rejoin the uptrend?
— Liam
