Timeframe: 4H
Bias: Bullish
Current Price: Around 3,990
Setup Type: Breakout + Trend Reversal
Gold has been moving inside a descending channel ever since it peaked near the 4,380 zone. Sellers have been in control for a while, but lately, the candles are showing signs of pressure fading.
You can see how price has been squeezing tighter inside this small wedge formation right at the lower boundary of the main channel — this usually hints at an upcoming breakout move.
Volume is starting to pick up a bit, and buyers are trying to hold the line above 3,950–3,970, which might be the last defense zone before momentum shifts higher.
If we get a clean breakout and close above the upper trendline of the channel, there’s room for price to push back toward 4,300–4,350, where the previous highs sit.
Bias: Bullish
Current Price: Around 3,990
Setup Type: Breakout + Trend Reversal
Gold has been moving inside a descending channel ever since it peaked near the 4,380 zone. Sellers have been in control for a while, but lately, the candles are showing signs of pressure fading.
You can see how price has been squeezing tighter inside this small wedge formation right at the lower boundary of the main channel — this usually hints at an upcoming breakout move.
Volume is starting to pick up a bit, and buyers are trying to hold the line above 3,950–3,970, which might be the last defense zone before momentum shifts higher.
If we get a clean breakout and close above the upper trendline of the channel, there’s room for price to push back toward 4,300–4,350, where the previous highs sit.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。