TVC’s Gold Risk: MR_gold2’s GOLD — TradingView

Gold Complete Analysis
1-Technical Analysis

Gold is moving within a slight ascending channel but faces a daily downtrend in the 4220 – 4235 area.
This area represents the confluence of strong resistance + channel ceiling + supply area, making it a potential reversal area.

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2- Support

4165 – 4155 strong support
4125 – 4110 medium support
4055 – 4040 Key Support
3975 – 3950 Main Support

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3- Resistor

4230 – 4245 is a very strong resistance level
4335 – 4360 Main display area
4470 – 4520 extension resistance

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4- Wave analysis

Gold is currently in the fifth sub-wave of Wave C within the WXY structure.
Price is approaching the end of the short-term upward wave and is preparing for a bearish ABC correction towards 4150 – 4110.

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5-Time Analysis

The current time period signals the end of an upwave and the beginning of a down cycle that lasts from 3 to 7 days.
The combination of time and resistance makes a decline more likely.

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6- Numerical analysis

4230 reversal number
4188 is a key number
4150 installed quantity
4098 numeric time range

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7-Fundamental analysis

There is currently no strong news to support the rise.
The U.S. dollar is strong and the U.S. market is in a risk-on mood, which reduces demand for gold.
The overall long-term trend remains bullish, but the short-term trend is bearish.

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8- Price Action

Strong rejection candle appears at 4230
Negative momentum bias occurs
RSI is saturated
Confirm selling action at the top

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9- Supply and demand areas

Display area: 4230 – 4245
Areas of need:
4165 – 4155
4125 – 4110
4055 – 4040

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10-Harmonic model

Bearish BAT pattern activated at 4230 – 4240 points
The Cypher model is incomplete and requires cracking 4160 to activate it

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11-Technical Model

The ascending channel has reached its upper limit
Rising wedge shows signs of weakness
The pivot area is located at 4188 – 4165

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12-Fixed point

4230 Install apex
Chapter 4188 Fixed direction
4165 Install patches
4110 Install Lemoji

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recommend

Key Advice: Find Sales

Entrance area: 4250 – 4235
Stop loss: 4260
Target:
First target: 4188
Second target: 4165
Third goal: 4125
Fourth target: 4055

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alternative

If the price closes above 4260 on the 1-hour or 4-hour frames:
The trend is turning upward
First target: 4300
Second target: 4335
The third target is 4450

Important tips
Analysis may change based on chart changes
We do not provide you with financial and investment advice
Instead, we provide you with scientific and educational content
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analyst
Engineer Ihab
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