TVC: GOLD Gold Update by MR_gold2 — TradingView

1 – Technical Analysis

✔ Ascending channel

The price is still within a strong ascending channel, and the last bounce occurred in the middle of the channel, which is a normal pullback.

✔ FVG area

A backlog demand gap occurs when:

• 4,200 – 4,185
• 4,170 – 4,160 This supports a strong rebound.

✔ Average

The MA Cross on the 15m frame gives a signal of the beginning of a bullish reversal.

🔷
2 — Elliott Wave Analysis

We are located at:

• Bearish corrective wave B within the ABC pattern
• Expected finish between 4,185 – 4,165
• Then the uptrend C wave begins and may reach 4,250 – 4,280

🕒
3 – Time period

According to the timeline, the current down cycle has ended:
⏳ Only 1-2 candles remain before a strong reversal.

🔢
4 — Numerical Analysis

The strongest Fibonacci ratio corresponding to the bottom:

• 0.618 = 4,185
• 0.786 = 4,170

This area is the main starting gate.

📰
5 — Fundamental Analysis

There is no negative news affecting gold yet.
USD loses momentum → This increases gold’s chances of rebound.

📉
6 — Price Action

The candle appeared:

• Needle bar
• Rejection wick at 4,185 – 4,200 → Buyer’s Guide.

🧱
7 — Support and Resistance Levels

support:

1️⃣ 4,200
2️⃣ 4,185 (strongest)
3️⃣ 4,165
4️⃣ 4,140

Resistor:

1️⃣ 4,225
2️⃣ 4,238
3️⃣ 4,260
4️⃣ 4,285

🎨
8 – Technical Model

There is an ascending channel pattern.
Price is testing its lower end → ideal buying zone.

🔢
9 — Digital Model

Back of digital model:
double reject mode
It means the purchasing power of the demand area.

🦋
10 – Harmonic Model

The completed bullish bat model is located at:
📍 4,185 – 4,170
It is one of the most powerful reversal models.

🟩
11 — Supply and Demand Zone

🔻 Purchase area

• 4,185 – 4,165 ⭐⭐⭐⭐
• 4,120 – 4,090

🔺Sales area

• 4,225 – 4,240
• 4,260 – 4,285

🎯
12 – Fixed points and pivot areas

📌 Pivot Zone = 4,200 – 4,210
Return above this area = beginning of an uptick.

✅
Final recommendation

✔ Log in to buy now
Enter as a first attempt and wait for the price to rise, then secure your entry position

from 4210 – 4200

✔ Very small stop loss

SL = 4182

✔ First goal

TP1 = 4245

✔ Second goal

TP2 = 4280

✔ one
If the correction expands further, place a second buy trade

🔹 Purchase: 4,185 – 4,195
🔹Stop loss: 4,175
🔹 TP1：4,200
🔹 TP2: 4,210
🔹 TP3: 4,227
🔹 TP4: 4,245

This trade is great as price is now above channel start + FVG area + time support + wave support + harmonic pattern

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Alternatives (for sale)

If the one-hour close breaks through 4180:

❌ For Sale

Target: 4155
Second target: 4125

But at present, the possibility of this happening is very small

Important tips
We do not provide you with financial and investment advice
Instead, we provide you with scientific and educational content
You are the only one responsible for pressing the buy and sell buttons

analyst
Engineer Ihab
Sayed Al-Dhahab Telegram Channel