🏪 1. Market Structure
Gold has reignited its bullish momentum this week.
- Clean breakout of the bearish trendline that had been capping prices for several sessions.
- Rally followed a retest of a 1H IFVG and the OTE zone (retested last week) + POI.
📍 2. Key Technical Zone
- Price is now approaching a crucial Supply Zone around $3,360–$3,380, which represents the next resistance barrier.
🧠 3. Sentiment & Behavior
- The structure resembles an Accumulation → Clear Breakout → Retest → Expansion sequence.
- The 4H RSI is climbing without being overbought, suggesting continuation potential.
🎯 4. Probable Scenario
- As long as price stays above $3,320, the bullish scenario remains intact. 🚀
- If the Supply Zone is cleared, the next target lies near $3,450–$3,500, with potential extension to a fresh ATH. 🏆
✅ Conclusion
Gold has regained short-term control. The structural breakout + intraday bullish momentum support a northward push.
🔔 Remain vigilant for macro catalysts (US inflation data, geopolitical tensions) that could propel gold even higher this week. 🌍
Gold has reignited its bullish momentum this week.
- Clean breakout of the bearish trendline that had been capping prices for several sessions.
- Rally followed a retest of a 1H IFVG and the OTE zone (retested last week) + POI.
📍 2. Key Technical Zone
- Price is now approaching a crucial Supply Zone around $3,360–$3,380, which represents the next resistance barrier.
🧠 3. Sentiment & Behavior
- The structure resembles an Accumulation → Clear Breakout → Retest → Expansion sequence.
- The 4H RSI is climbing without being overbought, suggesting continuation potential.
🎯 4. Probable Scenario
- As long as price stays above $3,320, the bullish scenario remains intact. 🚀
- If the Supply Zone is cleared, the next target lies near $3,450–$3,500, with potential extension to a fresh ATH. 🏆
✅ Conclusion
Gold has regained short-term control. The structural breakout + intraday bullish momentum support a northward push.
🔔 Remain vigilant for macro catalysts (US inflation data, geopolitical tensions) that could propel gold even higher this week. 🌍
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.