✅ Technical Analysis (English)
1. Market Structure
- The market is currently ranging between two major zones:
- Resistance: around 4225–4230
- Support: around 4200–4205
- Price has tested this resistance multiple times but failed to break cleanly → weak bullish momentum at the top.
- The support zone has also been respected several times → buyers defending strongly at the bottom.
✅ 2. Trend Outlook
- The candles show short-term bullish push, but the overall structure inside the box suggests:
- Sideways consolidation
- No clear breakout in either direction yet.
The presence of higher low formation recently hints that buyers are still active.
✅ 3. Key Levels to Watch
Resistance Zones
- 4230–4235 (Major breakout zone)
- 4245+ (If breakout succeeds)
Support Zones
- 4200–4205 (Key demand zone)
- 4180–4190 (Break below leads to deeper drop)
✅ 4. What the Arrows Suggest (Your Existing Plan)
Your arrows show two possible scenarios:
📈 Bullish Scenario
- Price breaks above 4225–4230
- Retests the same zone (pullback)
- Then continues upward
→ This would confirm a bullish breakout.
📉 Bearish Scenario
- Price rejects the resistance again
- Falls back below 4210
- Retests and continues downward
→ This confirms continuation inside the range or a bearish breakout.
✅ 5. EMA Behavior
- The EMAs on your chart look like they are pulling upward, indicating short-term upward pressure.
- But the candlesticks show strong selling wicks at resistance → sellers still active.
✅ 6. Supply & Demand Zones
Supply Zone
- 4230–4240 → aggressive selling seen here previously.
Demand Zone
- 4190–4205 → strong buying reaction multiple times.
✅ 7. Overall Summary
Gold is currently in a range between 4200 and 4230.
🔵 Bullish Only if:
- Price breaks and closes above 4230
- Then retests and forms bullish confirmation candle
🔴 Bearish Only if:
- Price closes below 4200
- Retest rejects from below → continuation down
Until then, it’s consolidation.
