📈 1. Trend & Market Structure
Current Trend: Bullish Continuation
Gold continues to maintain its bullish trend after breaking decisively above the 4,030–4,040 consolidation zone and surpassing key Fibonacci levels.
Price is trading above both the EMA9 (~4,153) and EMA89 (~4,068), confirming a bullish trend across both the short and medium term.
The EMA9 remains above the EMA89, with both moving averages sloping upward, indicating strong buying momentum.
The Higher High – Higher Low structure remains intact, showing that buyers continue to control the market.
Price is currently testing the 4,180–4,190 resistance zone, where short-term profit-taking may emerge.
👉 Current Trend: Bullish Continuation. Buying on pullbacks toward support remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
Following a strong breakout above the 4,030 area, gold has rallied steadily and is now consolidating just below the 4,187–4,190 resistance zone.
This consolidation appears to be a healthy pause after a strong advance. As long as price holds above the nearest support, the bullish trend is likely to extend toward higher targets.
📍 Key Price Levels
🔴 Resistance
4,187–4,190
4,220
4,280–4,285
🔵 Support
4,140–4,145
4,095–4,100
4,030–4,035
---------------------------
BUY GOLD zone : 4143 - 4138
SL : 4133
TP : 4160 - 4188 - 4220
----------------------------
Current Trend: Bullish Continuation
Gold continues to maintain its bullish trend after breaking decisively above the 4,030–4,040 consolidation zone and surpassing key Fibonacci levels.
Price is trading above both the EMA9 (~4,153) and EMA89 (~4,068), confirming a bullish trend across both the short and medium term.
The EMA9 remains above the EMA89, with both moving averages sloping upward, indicating strong buying momentum.
The Higher High – Higher Low structure remains intact, showing that buyers continue to control the market.
Price is currently testing the 4,180–4,190 resistance zone, where short-term profit-taking may emerge.
👉 Current Trend: Bullish Continuation. Buying on pullbacks toward support remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
Following a strong breakout above the 4,030 area, gold has rallied steadily and is now consolidating just below the 4,187–4,190 resistance zone.
This consolidation appears to be a healthy pause after a strong advance. As long as price holds above the nearest support, the bullish trend is likely to extend toward higher targets.
📍 Key Price Levels
🔴 Resistance
4,187–4,190
4,220
4,280–4,285
🔵 Support
4,140–4,145
4,095–4,100
4,030–4,035
---------------------------
BUY GOLD zone : 4143 - 4138
SL : 4133
TP : 4160 - 4188 - 4220
----------------------------
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
Related publications
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.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
" t.me/+wmcIWR0hqD5mYjhl "
Related publications
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.
