Gold continues to exhibit a strong upward trend by consistently forming a pattern of Higher High – Higher Low (HH–HL), indicating a well-maintained bullish structure. Additional support is observed with the emergence of the RBS pattern (Resistance Becomes Support), which effectively resists corrections, providing a solid foundation for buyers to maintain their dominance. Furthermore, the ZigZag indicator is also showing bullish swings, reinforcing the notion that the primary market direction remains upward.
This strengthening momentum is validated by the MACD, which is firmly situated in positive territory, suggesting that buying pressure remains dominant and shows no significant signs of weakening. With all of these technical signals combined, Gold has the potential to continue its ascent and test the closest resistance level, especially if prices remain above the newly formed RBS level. Attention is focused on how prices react at the resistance area, which will determine whether the next uptrend can persist or trigger a temporary pullback.
Recommended
Recommended
Recommended
Recommended
Gold is operating within a well-maintained bullish channel, with trend-strengthening signals becoming increasingly evident through confirmations from Moving Averages and the ZigZag pattern, both displaying upward trajectories on the 15-minute time frame. The combination of higher price structures and cohesive indicators supports the continuation of bullish momentum, opening opportunities for Gold to further rise and test the $4,183 level.
Technical Reference: buy above 4,125
Potential Take Profit 1: 4,170
Potential Take Profit 2: 4,183
Potential Stop Loss 1: 4,137
Potential Stop Loss 2: 4,125
