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Maketstructure

GOLD HOLDS 409X, BULLISH - CAN BULLS REACH 4200?Following the rejection from the 4135–4145 resistance zone, gold remains in a constructive short-term uptrend as price continues to defend the 4090–4100 breakout support area. The inability of sellers to break below this key support suggests that the recent decline is still a healthy pullback rather than a confirmed bearish reversal, while buyers remain in control of the broader short-term structure. The upcoming week will be driven by several high-impact U.S. economic releases, including CPI, PPI, and Retail Sales, all of which are expected to generate significant volatility for both the U.S. Dollar and gold. From a technical perspective, the preferred scenario remains bullish as long as price continues to hold above support. A decisive breakout above 4135–4145 would likely confirm renewed buying momentum and pave the way toward higher resistance levels. 📍 Key Levels: 🔹 4090 – 4100 Primary support zone and preferred buying area. 🔹 4135 – 4145 Immediate resistance. A breakout would confirm bullish continuation. 🔹 4170 – 4185 First upside target. 🔹 4200 – 4220 Major higher-timeframe resistance zone. ✅ Preferred Scenario: ✔️ Gold continues holding above the 4090–4100 support zone. ✔️ A sustained breakout above 4135–4145 could extend the rally toward 4170–4185, with 4200–4220 as the next major upside objective. ✔️ If price loses the 4090 support, a deeper correction toward 4050–4060 may develop before buyers attempt to regain control.
TVC:GOLDLong
by Chum_trades
GOLD 405X, Bulls aim for 417X next?After a healthy pullback from the recent rally, gold is beginning to stabilize as buyers successfully defend the 4050–4060 support zone. The recent breakout structure remains intact, suggesting the current decline is more likely a technical correction than a trend reversal. On the H1 timeframe, price continues to respect the breakout support while attempting to build a higher low. As long as gold holds above 4050–4060, the short-term bullish structure remains valid and buyers could regain momentum toward higher resistance levels. A sustained move above 4130–4140 would confirm renewed bullish strength and open the path toward the next upside objective around 4170–4190. 📍 Key Levels: 🔹 4050 – 4060 Key breakout support and preferred buying zone. 🔹 4130 – 4140 First resistance area. A breakout would confirm bullish continuation. 🔹 4170 – 4190 Next upside target and major resistance zone. ✅ Preferred Scenario: Gold continues holding above 4050–4060. Buyers regain control from the support area. A break above 4130–4140 confirms the bullish continuation. Next target remains 4170–4190.
TVC:GOLDLong
by Chum_trades
GOLD BULLISH, CAN IT HIT 4200?Following a brief pullback, gold continues to hold its bullish market structure as buyers successfully defend the 4100–4120 support zone. The recovery remains intact, with higher lows forming on the H1 timeframe, suggesting bullish momentum is still in control. Price is currently consolidating above the previous breakout area. As long as gold stays above this key support, the preferred scenario remains a continuation toward higher resistance levels. 📍 Key Levels: 🔹 4100 – 4120 Key support zone and preferred buying area. 🔹 4145 – 4165 First resistance zone. A breakout would confirm further upside. 🔹 4180 – 4200 Next bullish target and major supply zone. ✅ Preferred Scenario: Gold continues holding above 4100–4120. Buyers remain in control after the recent pullback. A break above 4145–4165 confirms bullish continuation. The next upside target remains 4180–4200.
TVC:GOLDLong
by Chum_trades
Gold above support, bullish trend persists.After the strong rally over the past few sessions, Gold has entered a healthy corrective phase on the H1 timeframe as short-term profit-taking emerges. However, the bullish market structure remains intact, with price continuing to hold above the key support area formed after the recent breakout. Technically, the 4100–4110 zone is acting as an important support level. As long as price remains above this area, the current pullback is considered a normal correction within the broader short-term uptrend. The preferred scenario is to wait for bullish confirmation around support before looking for further upside toward the 4140–4160 resistance zone. If buyers manage to break and hold above this resistance, Gold is likely to extend its recovery toward the 4230–4250 area, where the next higher-timeframe supply zone is located. On the other hand, a decisive break below the current support would weaken the short-term bullish structure and could trigger a deeper corrective move. 📍 Key Levels 🔹 4100–4110 Post-breakout support zone. Preferred area to look for Buy opportunities. 🔹 4140–4160 First resistance zone. A breakout is needed to confirm bullish continuation. 🔹 4230–4250 Main upside target if the breakout is confirmed. ✅ Preferred Scenario ✔ Gold continues holding above 4100–4110. ✔ Wait for bullish confirmation from the support zone before entering Buy positions. ✔ A sustained breakout above 4140–4160 would confirm continuation toward 4230–4250. ✔ A break below 4100 would weaken the short-term bullish structure and increase the probability of a deeper correction.
TVC:GOLDLong
by Chum_trades
GOLD BULLISH, NEXT TARGET?Following last week's strong rally, gold is currently undergoing a healthy pullback after reaching the first resistance zone. However, the overall short-term market structure remains bullish, as price continues to hold above the newly established support area formed after the breakout. From a technical perspective, the current retracement is considered a correction within the broader uptrend rather than a trend reversal. As long as gold maintains support around 4110–4130, buyers remain in control and the market could continue advancing toward the 4230–4250 resistance zone. A confirmed breakout above this area would open the way for a further move toward 4320–4340. The bullish outlook would only weaken if price breaks below the current support zone and confirms a lower low, signaling that buying momentum has faded. 📍 Key Levels 🔹 4110 – 4130 Key support zone and preferred buying area. 🔹 4180 – 4200 First resistance zone. 🔹 4230 – 4250 Primary upside target. 🔹 4320 – 4340 Higher-timeframe resistance zone. ✅ Preferred Scenario ✔ Price continues holding above 4110–4130. ✔ Look for buying opportunities on pullbacks with bullish confirmation. ✔ A breakout above 4200 could accelerate the move toward 4230–4250. ✔ A sustained break below 4110 would invalidate the short-term bullish structure.
TVC:GOLDLong
by Chum_trades
Gold breaks 4130 trendline, targets 4300 next?Gold confirmed a breakout from the short-term bearish channel after the strong Non-Farm Payrolls rally, establishing a Higher High – Higher Low structure. Buyers remain in control as long as price holds above the newly established support zone. Heading into the new week, market sentiment will continue to focus on Fed expectations and U.S. Treasury yields. If support remains intact, gold is likely to extend its recovery toward higher resistance levels. The preferred strategy is to buy pullbacks while price stays above support. Only a confirmed break below the current support would weaken the short-term bullish outlook. 📍 Key Levels 🔹 4120–4140 Key support zone. Hold above to maintain bullish momentum. 🔹 4220–4240 First resistance area. 🔹 4320–4350 Next upside target. ✅ Preferred Scenario ✔ Hold above 4120–4140. ✔ Buy on pullbacks. ✔ A breakout above 4240 opens the way toward 4320–4350. ✔ A break below 4120 weakens the short-term bullish trend.
TVC:GOLDLong
by Chum_trades