omartali66’s update and detailed explanation of FOREXCOM:XAUUSD gold trends — TradingView

📊 Gold trend updates and detailed explanations
The recent strong rise in gold pushed the gold price to around 5600, followed by strong profit-taking, causing the gold price to fall rapidly to 4400.
But the nature of the decline at that time suggested that it was profit-taking and a natural adjustment in an upward trend rather than a change in the overall structure of the market.
Since then, the market has begun to form a continuous upward wave:
🔹First wave: from 4,400 to 5,100
🔹Health modifier: down to 4,650
🔹Second Wave: New round of increase to 5,125
The price then stabilized in the 4,850 area, a key and strong area, which later pushed the market to 5,431 points.
Prior to this move higher, an important liquidity bottom formed at the 5094 level.
In recent weeks, the market has begun to build a clear bottom near 5,000, an important psychological and structural level.
Signs of selling pressure have been evident in the sell-side territory around 5,200 over the past week.
Currently, after breaking out of the 5,000 bottom, the price is moving between 4,960 and 4,850, areas that could form new lows that would subsequently push the market to higher highs.
🔹When will the return to ascension be confirmed?
If there are two consecutive days of closes above 5,000, we may witness a new bull rally, restoring positive momentum in the market.
🔹 When will the bullish case weaken?
If the selling pressure persists and there is a daily close below 5,200 without a strong bounce back to the overhead levels, we may see weakness in this structure.
Deeper negative scenarios:
If it closes below 4,850 points for two consecutive days, a deeper correction may begin and may extend to the bottom of 4,400 points, which may signal the beginning of a new downward cycle.
📌Conclusion:
The current trend is very clear and current levels will determine whether the market resumes a bull rally or enters a deeper correction.
So far, the negative scenario has not been confirmed and the market is still in an important testing phase at current levels.
⚠️ Commitment to capital management is critical during this sensitive stage.
May God bless you and bless you 🤍