Gold is still compressed and waiting for a breakout

semalam

1️⃣ Trendline

Main ascending trendline (lower): Still holding firmly → the medium-term bullish structure remains intact. Every pullback continues to react positively at this trendline.

Short-term ascending trendline (upper – mild slope): Price is moving very close to this line → showing signs of consolidation / price compression before the next directional move.

2️⃣ Resistance

4,240 – 4,245 (blue zone): Strong resistance. Price has tested this area multiple times without a clear breakout → selling pressure is still present.

4,380: Distant resistance / extended target if price successfully breaks above the resistance zone.

3️⃣ Support

4,210 – 4,215 (Fibo 0.618): Key short-term support, aligned with the short-term uptrend → a decisive zone for near-term direction.

4,135 – 4,130 (Fibo 0.5 + main ascending trendline): Strong structural support. A breakdown below this area would significantly weaken the bullish trend.

4️⃣ Primary scenarios

Holding above 4,210 – 4,215: Continued consolidation → wait for a breakout above 4,270 to confirm bullish continuation.

Break below 4,165: Price may pull back toward 4,135 – 4,140 to test demand.

👉 Overall trend: Bullish, but currently at a sensitive zone. A resistance breakout is needed to confirm continuation.

📈 Trading Plan

BUY GOLD: 4,130 – 4,132
Stop Loss: 4,122
Take Profit: 100 – 300 – 500 pips

SELL GOLD: 4,213 – 4,215
Stop Loss: 4,223
Take Profit: 100 – 300 – 500 pips

16 jam lalu

Dagangan aktif

SELL GOLD: 4,213 – 4,215
Stop Loss: 4,223
Take Profit: 100 – 300 – 500 pips

DONE +150pips