Gold remains in a long-term bullish trend on the weekly timeframe, but signs of weakening momentum are becoming evident near higher price levels. The rejection from the key resistance zone between $4,800 and $5,000 suggests increasing selling pressure and the potential start of a corrective or consolidation phase. Currently, price is reacting to a weekly Fair Value Gap (FVG), which may act as short-term support; however, if this level fails, the احتمال move toward the weekly order block around $4,100 increases significantly. This zone is considered a major structural support, and holding above it is crucial for maintaining the broader uptrend.
Gold - Daily TimeFrame
On the daily timeframe, the market structure has shifted into a deeper correction phase. After a bearish break in structure, price has retraced back into a key supply zone defined by a Breaker Block and daily FVG around the $4,800 area. This zone now acts as a critical decision point: either the market continues its correction toward $4,450 and potentially lower, or, if price manages to hold and break above this zone, a bullish reversal scenario could unfold. The projected paths on the chart reflect this uncertainty, showing both a potential downward move to collect liquidity before a strong rally, or a direct bullish continuation toward new highs.
Overall, gold is at a technically sensitive point. While the higher timeframe trend remains bullish, short-term price action reflects clear selling pressure and corrective behavior. The market’s reaction to the $4,600–$4,800 zone in the coming sessions will likely determine the next directional move, clarifying whether this is merely a pullback within an uptrend or the beginning of a deeper bearish phase.
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