Bullish Pattern ImplicationsSince gold only recently cleared above the 10-day average, the trend patterns in gold show a likely bull breakout above $4,353 on the horizon. The breakout above the prior interim swing high of $4,264 last Thursday was confirmed with a daily close above it. Short-term consolidation may continue for a few more days, giving the 10-day average a chance to catch up with price. Once it does, the chance for an upside breakout improves.Dynamic Support LayersPotential dynamic support nea ...

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Renewed Channel BreakoutsThursday’s surge fully recovered the top boundaries of two rising trend channels that were briefly lost in the recent pullback. This marks the second successful breakout above both channels since October, distinguishing the current move from the earlier failed attempt and suggesting the market is no longer in an overbought exhaustion state but instead entering a fresh bullish leg across all timeframes.Confirmation Levels & TargetsA weekly close above $4,264 would seal bullish contin ...

Bull Trend Structure IntactIf gold remains above the 20-day average, now at $4,154, the bull trend structure remains in place and suggests an upside continuation. Last week’s high of $4,264 is the key resistance level to break to show that the buyers are getting more aggressive and it signals a continuation of the rally that began from the October swing low. Although the 20-day average broke during the pullback, the 50-day average was not reached, reflecting relatively strong demand. Similarly, since low th ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted a ...

Core Viewpoint - Gold remains trapped in a tight range between $4,164 and $4,264, with a bullish bias as long as it holds above the 10-day average at $4,186 [1][5]. Range and Support Structure - The current trading range for gold is between $4,164 and $4,264, with the 10-day average at $4,186 acting as primary near-term support [1]. - A bounce off the 10-day average reinforces its importance, while the 20-day average at $4,144 serves as the next significant support if the 10-day average fails [4]. Confirmation Levels - A daily close above $4,219 would indicate minor strength, but a true breakout requires a settlement above last week's high of $4,245 [2]. Weekly Pattern Evolution - The recent correction ended with a higher swing low at $3,886, followed by a sequence of inside weeks and upside breakouts, indicating relative strength [3]. - This week has shown a narrow range near last week's highs, suggesting a potential for a strong weekly close, possibly the third-highest in history [3]. Outlook - Gold shows potential for higher prices, but momentum is lacking; maintaining the 10-day average and closing above $4,241–$4,245 is crucial for the bullish case [5]. - Failure to achieve these levels could lead to a decline towards the 20-day average, while the larger uptrend remains intact above the 50-day average at $4,076 [5].

First 10-Day Test Since ReclamationThursday marked the first genuine test of the 10-day average since it was reclaimed early last week. The successful defense, combined with the ongoing low-volatility consolidation after last Friday’s triangle breakout, suggests demand may be building for a near-term spike as the brief sideways phase nears completion.Breakout Confirmation LevelsA rally above the three-day high of $4,241 would signal initial strength, but a decisive move and daily close above Monday’s $4,264 ...

Bullish Hammer and Support TestTuesday printed a clear hammer candle just above the rising 10-day average, with Wednesday’s low holding comfortably above it. That hammer, combined with the higher low structure, offers early evidence that buyers are defending the pullback zone and sets up a straightforward resumption trigger above $4,236.Breakout Lacking Follow-ThroughFriday’s symmetrical triangle breakout provided further evidence that the recent pullback is likely complete. Yet subsequent sessions have pro ...

Bull Trend Remains DominantThe larger uptrend stays fully intact with price well above all key moving averages and Monday’s higher swing high preserving short-term bullish structure. Standard post-breakout consolidation is testing prior resistance as support, exactly as expected in a healthy advance. This suggests a resolution to the upside.Support Levels in PlayImmediate dynamic support sits at the rising 10-day average ($4,146), with greater significance at the 20-day average ($4,111) where it recently me ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...