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4H Technical Outlook by MJTrading
Price is compressing inside a falling channel, nested within a large symmetrical triangle, and now sits right at a high-stakes confluence zone — a perfect intersection of dynamic EMAs, rising trendline support, and local structure.
This could be a pivot point for the next major leg.
🧭 Key Scenarios:
🟢 Bullish Breakout Potential:
If price breaks above the falling channel and holds above $3,310–$3,320:
🎯 Target: $3,400, and eventually upper triangle resistance near $3,480–$3,500
✅ Watch for impulsive breakout + retest confirmation
🟡 Bearish Breakdown Risk:
If the rising trendline gives way and price closes below $3,275 (High Risk) and $3,245(Low Risk):
🎯 Targets: First $3,232, then key level $3,166
⚠️ Further weakness may expose $3,000 psychological support
🔍 Why It Matters:
• Symmetry + compression = potential volatility expansion
• Trump tariff headlines today (July 9) could trigger safe haven demand
• Strong historical respect of these trendlines
• EMAs aligning around decision zone
“Another BreathTaking Edge” — because this is one of those moments where market structure whispers louder than words.
🗣 Boost if you find value, and follow MJTrading for more clean setups.🚀🚀
#XAUUSD #Gold #TradingView #TechnicalAnalysis #ChartPatterns #PriceAction #BreakoutTrade #Forex #MJTrading
Zoom in to get closer to battlefield:
Zoom out to see where we are:
4H Technical Outlook by MJTrading
Price is compressing inside a falling channel, nested within a large symmetrical triangle, and now sits right at a high-stakes confluence zone — a perfect intersection of dynamic EMAs, rising trendline support, and local structure.
This could be a pivot point for the next major leg.
🧭 Key Scenarios:
🟢 Bullish Breakout Potential:
If price breaks above the falling channel and holds above $3,310–$3,320:
🎯 Target: $3,400, and eventually upper triangle resistance near $3,480–$3,500
✅ Watch for impulsive breakout + retest confirmation
🟡 Bearish Breakdown Risk:
If the rising trendline gives way and price closes below $3,275 (High Risk) and $3,245(Low Risk):
🎯 Targets: First $3,232, then key level $3,166
⚠️ Further weakness may expose $3,000 psychological support
🔍 Why It Matters:
• Symmetry + compression = potential volatility expansion
• Trump tariff headlines today (July 9) could trigger safe haven demand
• Strong historical respect of these trendlines
• EMAs aligning around decision zone
“Another BreathTaking Edge” — because this is one of those moments where market structure whispers louder than words.
🗣 Boost if you find value, and follow MJTrading for more clean setups.🚀🚀
#XAUUSD #Gold #TradingView #TechnicalAnalysis #ChartPatterns #PriceAction #BreakoutTrade #Forex #MJTrading
Zoom in to get closer to battlefield:
Zoom out to see where we are:
Nota
Green or Yellow?Dagangan aktif
Nota
For now, Bulls are in charge...Nota
Bullish scenario activatedNota
Lower risk entry for Bulls will be after channel BreakOutNota
Upper edge of channel can be extended...Nota
A Valid Breakout from the channel is monitored...Next target for buyers might be 3366
Nota
Is it the final attempt towards 3400?
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.