Gold Analysis (1H Chart)
https://linktr.ee/katarzynanow...
Gold’s primary trend remains bullish. After testing the ascending trendline near 4500 support, price rebounded and posted a high around 5090.
However, price failed to clear immediate resistance, triggering a reversal to the downside.
Currently, gold is trading below the daily pivot at 4968, hovering near 4885, signaling short-term weakness.
A break below the previous 1H candle low (4788–4780) could accelerate selling pressure and push price to retest the ascending trendline near 4500.
A sustained breakdown would deepen bearish momentum, with the 12 EMA positioned below the 52 EMA, confirming downside bias.
Alternative Scenario (Bullish Case):
If price regains strength, breaks above the pivot (4968), and sustains above it, bullish momentum may resume.
This could open the path toward the 5100–5170 resistance zone.
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