HTF Bias (Daily/Weekly):
Macro trend remains bullish — recent impulsive leg to fresh highs confirms strong upside momentum. However, price is currently extended and undergoing a corrective pullback.
4H Context:
After a sharp rally into 3,534 (primary impulse target), gold is retracing into the Flipped Cap Zone at 3,430–3,445 — a prior resistance now acting as support. Holding this band keeps the bullish continuation scenario intact.
Key Zones & Levels:
Primary Liquidity: Above 3,534.1 (OCZ — main upside target)
Buy Zone: 3,430–3,445 (Flipped Cap / potential re-entry base)
Invalidation: Daily/4H close below 3,420 → shifts bias bearish toward 3,389–3,350 PIZ
Secondary Liquidity: 3,420–3,397 (intermediate OCZs)
Deeper Bearish Trigger: Break below 3,336.0 opens path to 3,280 and lower.
Bias Outlook:
Bullish continuation favored if 3,430–3,445 holds, targeting liquidity above the 3,534 OCZ. Break and close below 3,420 tilts the odds toward a deeper correction.
⚠️ Purely technical – no fundamentals.
📌 This is a strategic directional bias, not financial advice. Execute only with confirmation and proper risk management.
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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.