🏪 1. Market Structure
Gold has reignited its bullish momentum this week.
- Clean breakout of the bearish trendline that had been capping prices for several sessions.
- Rally followed a retest of a 1H IFVG and the OTE zone (retested last week) + POI.
📍 2. Key Technical Zone
- Price is now approaching a crucial Supply Zone around $3,360–$3,380, which represents the next resistance barrier.
🧠 3. Sentiment & Behavior
- The structure resembles an Accumulation → Clear Breakout → Retest → Expansion sequence.
- The 4H RSI is climbing without being overbought, suggesting continuation potential.
🎯 4. Probable Scenario
- As long as price stays above $3,320, the bullish scenario remains intact. 🚀
- If the Supply Zone is cleared, the next target lies near $3,450–$3,500, with potential extension to a fresh ATH. 🏆
✅ Conclusion
Gold has regained short-term control. The structural breakout + intraday bullish momentum support a northward push.
🔔 Remain vigilant for macro catalysts (US inflation data, geopolitical tensions) that could propel gold even higher this week. 🌍
Gold has reignited its bullish momentum this week.
- Clean breakout of the bearish trendline that had been capping prices for several sessions.
- Rally followed a retest of a 1H IFVG and the OTE zone (retested last week) + POI.
📍 2. Key Technical Zone
- Price is now approaching a crucial Supply Zone around $3,360–$3,380, which represents the next resistance barrier.
🧠 3. Sentiment & Behavior
- The structure resembles an Accumulation → Clear Breakout → Retest → Expansion sequence.
- The 4H RSI is climbing without being overbought, suggesting continuation potential.
🎯 4. Probable Scenario
- As long as price stays above $3,320, the bullish scenario remains intact. 🚀
- If the Supply Zone is cleared, the next target lies near $3,450–$3,500, with potential extension to a fresh ATH. 🏆
✅ Conclusion
Gold has regained short-term control. The structural breakout + intraday bullish momentum support a northward push.
🔔 Remain vigilant for macro catalysts (US inflation data, geopolitical tensions) that could propel gold even higher this week. 🌍
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.