๐ Market Overview
Asset: XAU/USD (Gold vs. USD) โ likely
Timeframe: ๐ 4H or Daily
EMAs:
๐ด 50 EMA = 3,281 (short-term trend)
๐ต 200 EMA = 3,179 (long-term trend)
๐งฑ Key Zones
๐บ Main Resistance Zone (๐ซ Supply Area)
๐ ~3,320โ3,400
๐ Observation: Strong rejection zone with multiple failed attempts. ๐ง Price struggles to break and hold above here.
โ๏ธ Mid Support & Resistance Zone
๐ ~3,200โ3,250
๐งญ Current Action: Price is consolidating here. This is a key decision zone. A bounce or breakdown will likely decide the next big move. ๐ค
๐ฆ Main Support Zone
๐ ~2,980โ3,030
๐ Observation: Major demand zone. If price falls here, it might attract buyers ๐ฅ for a potential rebound.
๐ EMA Analysis
๐ด 50 EMA is above ๐ต 200 EMA โ Trend still technically bullish โ
๐ก BUT: Price is currently below 50 EMA, showing short-term weakness โ ๏ธ
โก๏ธ 200 EMA is nearby (~3,179): Acting as dynamic support โ a critical bounce zone! ๐ก๏ธ
๐ฎ Scenarios
๐ Bullish Path
โ If price bounces from 3,200 support zone and reclaims ๐ด 50 EMA:
๐ฏ Target: Retest of 3,320โ3,400 ๐บ zone
๐ Confirmation: Strong candle closing above 3,281 ๐ด EMA
๐ป Bearish Path
๐จ If price breaks below 3,200 & 200 EMA:
๐ณ๏ธ Expect drop towards 2,980โ3,030 ๐ฆ zone
๐ Confirmation: Candle closes below 3,179 with weak retest
โ Conclusion
๐ Key Level to Watch: 3,200
โ๏ธ Market Sentiment: Neutral โ Bearish bias unless price reclaims 50 EMA
๐ Risk Tip: Avoid longs until price confirms bullish structure again ๐
Asset: XAU/USD (Gold vs. USD) โ likely
Timeframe: ๐ 4H or Daily
EMAs:
๐ด 50 EMA = 3,281 (short-term trend)
๐ต 200 EMA = 3,179 (long-term trend)
๐งฑ Key Zones
๐บ Main Resistance Zone (๐ซ Supply Area)
๐ ~3,320โ3,400
๐ Observation: Strong rejection zone with multiple failed attempts. ๐ง Price struggles to break and hold above here.
โ๏ธ Mid Support & Resistance Zone
๐ ~3,200โ3,250
๐งญ Current Action: Price is consolidating here. This is a key decision zone. A bounce or breakdown will likely decide the next big move. ๐ค
๐ฆ Main Support Zone
๐ ~2,980โ3,030
๐ Observation: Major demand zone. If price falls here, it might attract buyers ๐ฅ for a potential rebound.
๐ EMA Analysis
๐ด 50 EMA is above ๐ต 200 EMA โ Trend still technically bullish โ
๐ก BUT: Price is currently below 50 EMA, showing short-term weakness โ ๏ธ
โก๏ธ 200 EMA is nearby (~3,179): Acting as dynamic support โ a critical bounce zone! ๐ก๏ธ
๐ฎ Scenarios
๐ Bullish Path
โ If price bounces from 3,200 support zone and reclaims ๐ด 50 EMA:
๐ฏ Target: Retest of 3,320โ3,400 ๐บ zone
๐ Confirmation: Strong candle closing above 3,281 ๐ด EMA
๐ป Bearish Path
๐จ If price breaks below 3,200 & 200 EMA:
๐ณ๏ธ Expect drop towards 2,980โ3,030 ๐ฆ zone
๐ Confirmation: Candle closes below 3,179 with weak retest
โ Conclusion
๐ Key Level to Watch: 3,200
โ๏ธ Market Sentiment: Neutral โ Bearish bias unless price reclaims 50 EMA
๐ Risk Tip: Avoid longs until price confirms bullish structure again ๐
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.