1. Trend Overview

Current Trend: Short-term Bullish Recovery

Key Signals:
Price has broken above the descending trendline, confirming that the previous bearish structure has weakened.
The breakout was followed by a successful retest, with buyers defending the former resistance, which has now turned into support.
EMA 9 (≈ 4,057) is trading slightly above EMA 89 (≈ 4,058), indicating that short-term momentum is gradually improving, although a stronger bullish confirmation is still needed.
Price remains above the ascending trendline (red line), showing that buyers continue to maintain control of the current recovery.
RSI (14) ≈ 54 is above the neutral 50 level, reflecting improving bullish momentum without entering overbought territory.
The histogram has turned positive, confirming strengthening buying pressure.

👉 Conclusion: The H1 bias has shifted to bullish. As long as price holds above the 4,050–4,058 support zone, the probability of extending the rally toward higher resistance levels remains favorable.

2. Current Price Structure
H1 Structure
Higher Low: around 4,040
Higher High: around 4,061
Current Price: around 4,061

After breaking above the descending trendline, price has continued to form Higher Lows and Higher Highs, confirming that the short-term bullish structure is developing.

Current Pattern:

Trendline Breakout → Successful Retest → Bullish Continuation

This is a classic bullish continuation pattern that often signals the beginning of a stronger upward move.

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SELL GOLD zone : 4115 - 4118

SL : 4123

TP: 4100 - 4077 - 4050

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