From TradingView · · 40s
Gold Analysis Shows Bullish Trendline
Gold price rebounds from trendline with key reaction zones to watch.
In brief
Gold price rebounds from trendline with key reaction zones to watch. Gold price rebounds from 4,175 after rising channel, with next move depending on reaction to FVG zones at 4,157-4,161 and 4,147-4,153. Originally reported by TradingView.
Market Structure
Gold price rebounds from 4,175 after rising channel on 15-minute timeframe.
Key Areas of Interest
Upper supply zone: 4,201-4,209; first FVG: 4,157-4,161; lower FVG+OB: 4,147-4,153.
Bullish Scenario
Price retraces into 4,157-4,161 FVG with bullish reaction confirms rising channel.
Bearish Scenario
Sustained move below 4,147-4,153 weakens bullish structure and increases correction risk.
What matters most
Gold price rebounds from 4,175 after rising channel, with next move depending on reaction to FVG zones at 4,157-4,161 and 4,147-4,153.
