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Lana focuses on selling on rallies, waiting for deeper buying areas 💛
quick view
Market Conditions: Sharp decline after failing to stay above ATH
Time frame: H1
Current structure: strong downward momentum → corrective rebound in progress
Daily Trend: Sell on pullbacks, buy only on major support levels
Technical images (chart-based)
Gold showed a clear distribution top near ATH, followed by a strong downward move. The move breaks the short-term bullish structure and reduces momentum.
Price is now attempting a technical rebound, but so far it looks corrective rather than momentum-based. As long as the price remains below major resistance, Lana sees this as a sell-on-high environment.
Main things to note:
Strong bearish candle confirms bullish loss of control
The current retracement is moving towards the previous liquidity + Fibonacci reaction zone
The market may establish a lower high before making the next move
Key Levels for Trading
Sales area-priority setting
Price: 4392 – 4395
This area corresponds to:
Resistance of previous structure
Fibonacci retracement zone
Liquidity with a settlement price higher than the current price
If the price reaches this area and shows rejection, Lana will look to continue selling.
Buy zone – only at strong support
Purchase: 4275 – 4278
This is an area of higher time frame support and the first area that buyers may attempt to return to. Lana would consider buying here only if the price shows significant reaction and stability.
Day trading scenario
Scenario 1 – Rejection due to resistance (preferred)
Price returned downtrend to 4392-4395, failed to break higher and deviated → to continue lower, targeting deeper liquidity.
Scenario 2 – Deeper correction followed by recovery
If selling pressure expands, price could suck liquidity to 4275-4278 and then set the stage for a bigger rally in the new year.
market tone
The recent moves reflect profit-taking and risk reduction after a long period of gains. As liquidity tapers off at the end of the year, price action can remain volatile and deceptive, so area-based trading is crucial.
This analysis reflects Lana’s technical opinions and is not financial advice. Always manage your risk and wait for confirmation before entering a trade 💛
