Will ASIA favor BULLS or BEARS?Two “if-this-then-that” scenarios
If price pushes above the recent swing high (~3 430–3 435)
→ Look for a move toward the 50% retracement zone at 3 415–3 416 (our next upside target).
If price drops below the recent swing low (~3 356–3 357)
→ It’ll likely slide down to the 21-day EMA at 3 342, which has acted like a magnet/bounce area.
Why the 21-day EMA matters
It’s sloping up beneath price (green trendline), so dips into it often spark fresh buying.
A buy-limit order around 3 342 gives you a low-risk entry with the trend still intact.
Overall bias
As long as gold stays above that rising trendline/21 EMA, the bulls remain in control.
Break the swing high → more upside.
Break the swing low → deeper pullback into support.
