🏛 1. Current Market Structure
🚀 Gold reached a peak at $3,500 following Trump’s tariff announcement, triggering a sharp bullish reaction.
🔻 This move was followed by a strong correction, leading price back down to key structural support zones.
🌍 2. Bigger Picture Outlook
📉 This violent retracement allowed the market to revisit accumulation areas, including tested supply zones and bullish OTE levels.
🔎 Price seems to be stabilizing now, suggesting a potential directional move could emerge once structure confirms.
🔍 3. Key Technical Observations
⬜️ Supply Zone: A structural area of interest now acting as potential support.
🟦 Bullish OTE: Located lower, it serves as a final line of defense in case of further downside.
📐 Descending trendline is currently being tested — a breakout would confirm bullish momentum shift.
🎯 4. Short-Term Expectations
📉 Controlled pullback scenario:
Price may revisit the supply zone, or even dip into the OTE, to consolidate before a bullish breakout.
📈 Confirmed bullish scenario:
A clean break above the trendline and recent highs would validate a strong reversal and aim again for $3,500+.
🔥 5. Upcoming Catalysts
📰 Geopolitical or economic updates linked to the US (tariffs, inflation).
📊 Institutional reaction to tested support zones.
💡 Volume confirmation on structural breakout.
✅ Conclusion
👉 After a sharp rejection from a geopolitical news-driven spike, gold is now retesting major support zones.
📍 Three key levels to watch:
The Supply Zone
The 50% retracement
The Bullish OTE
🔎 Price action around these areas will determine whether this is just a pullback — or the start of a new bullish leg.
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All my GOLD and BITCOIN signals👇🏼
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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.