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BUY SETUP
Entry: 4,035 – 4,010 (demand zone)
Stop Loss: Below 4,010 at 3,995
Take Profit: 4,130
Risk/Reward: ~1:4 (excellent)
Confirmation to Enter:
Bullish candle on the demand zone
EMA-70 holds above EMA-200
No strong bearish breakdown
🧠 Summary
This chart shows a bullish reversal setup: price broke out of a descending channel, is expected to retrace into a strong demand zone, and then rally toward 4,130. With EMA support and pattern breakout, the bias stays strongly bullish.

Gold Weekly Review and Outlook: Safe-haven demand struggles to counter a stronger dollar, downward pressure on gold prices emerges.
Technical Analysis: From a daily chart perspective, gold has formed a doji pattern for two consecutive trading days, indicating a near balance between bullish and bearish forces, suggesting a potential directional breakout. Overall, the range-bound trading pattern established during the previous decline remains intact, and any subsequent rebounds are likely to be seen as bearish corrections.
Key resistance lies at the $4100 psychological level, while $4085 (the recent high of the bearish candle) forms the first resistance level. Initial support is at $4050, a previous support/resistance level. If gold prices break below $4040 (20-day moving average support), it could accelerate its decline towards the $4005-$4000 area, potentially opening up further downside potential towards $3970 and $3930.
Next Week's Outlook and Trading Strategy
Next week's retail sales and Producer Price Index (PPI) data may provide new clues about the health of the US economy. Weak data could reignite market expectations for a Federal Reserve rate cut, pushing gold prices back above $4100. Conversely, strong data could cause gold to break below the key $4000 support level, opening up further downside potential.
Trading strategy: Primarily sell on rallies, with buying on dips as a secondary approach. Key resistance levels to watch are $4100-$4130, while short-term support is around $4020-$4000. Investors should strictly control their positions, set appropriate stop-loss orders, and avoid blindly holding losing positions.
Specific Trading Recommendations:
Short Position Strategy: If gold prices rebound to the $4080-$4085 area, consider entering short positions in batches, with a position size limited to 20% of your capital. Set a stop-loss at $4093, targeting $4040-$4020, and a further target of $4000 if the price breaks below this level. Long position strategy: If the gold price retraces to the $4000-$4005 range, a small long position can be initiated, with the position size controlled within 20% of the total capital. The stop loss should be set at $3992, and the target is $4020-$4030. If it breaks through, the target could be around $4050.

Hello trader 👋
🟢 Scenario 1 – Core swing idea: build longs at Fibo + liquidity zone
Buy: 3,830
SL: 3,820
Long-term targets: open-ended – you can scale out around 3,95x → 4,10x → 4,30x → ATH region 4,40x+.
Bias: this is the main position trade, looking to ride the next impulsive leg higher if the long-term uptrend holds.
🔴 Scenario 2 – Tactical short at the 2.618 extension (hedge / take-profit area)
Sell: 3,533 (projected 2.618 extension / distant psychological resistance)
SL: 3,545
TP: discretionary – react to price action and lock in quickly on lower timeframes (scalping / hedge only, not a primary trend trade).

Scenario 1 – Buy according to the rising trendline (priority when price holds above 4020)
Logic: Price continues to respect the lower trendline, triangle breaks upwards; prioritize buying in the confluence support area + low liquidity.
Buy zone: 4022–3997
SL: 3985
TP: 4065 → 4132 → 4171 → 4242
Suggestion: Wait for a clear rejection candle on H4/M30 (long lower wick, bullish engulfing) at 4022–3997 before entering the trade. When reaching about +1R, move SL to breakeven.
Scenario 2 – Sell at the upper trendline / Fibonacci resistance area
Logic: Price slowly crawls up to the upper edge of the triangle, hits strong resistance area coinciding with Fibonacci extension and gets rejected.
Sell zone: 4235–4245
SL: 4255
TP: 4171 → 4132 → 4065
This is the opposite order to the breakout scenario; only activate when there is a clear reversal signal on H4/H1 (strong rejection, decreasing volume, failed breakout).

Still busy at personal commitment , so sharing this quick update for your safety. No need to rush wait for the breakout and trade safe.
in.tradingview.com/x/kvWNBNnp

Trading Scenarios
📉 If the triangle breaks down
Reject 4141 → lose 4036/4005 → fall into
→ 3933
→ final target 3793 if momentum accelerates.
Bearish signs:
Sharp rejection from supply
Lower-high structure forming at the apex
Clean candle closure below 4036
📈 If the triangle breaks to the upside
Hold 4036 → reclaim 4141 → breakout
→ push into 4191 → 4275 → 4374.
Bullish signs:
Strong breakout candle above 4141
Liquidity sweep + impulsive follow-through
Volume spike confirming escape from the wedge

Consolidation as expected
will be good followed by correction
tradingview.com/x/xeaSaUpT
