A confirmed breakout above 78800 with strong bullish candles and volume support may open the path toward 79500–80000, the next historical resistance zone. Conversely, repeated rejection near 78750 could result in another pullback to the 78000 zone, or even a retest of 77500 support, maintaining the range. Overall, the market structure is neutral-bullish, but momentum confirmation is key—without a clean breakout, this remains a sideways market in a coiling phase. Traders should stay alert for a breakout or breakdown and manage risk tightly in this range-bound volatility.
Support My Analysis
By Following and Boosting my Ideas
I only Follow GOLD
Support My Analysis
By Following and Boosting my Ideas
I only Follow GOLD
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.