1. Trend Overview

Current Trend: Short-term Bullish

Key Signals:
Price continues to trade above the ascending trendline (blue line), confirming that buyers remain in control of the short-term trend.
The recent pullback found support near the trendline before buyers pushed price back toward the descending long-term trendline.
EMA 9 (≈ 4,086) is above EMA 89 (≈ 4,065), confirming bullish short-term momentum.
Price is trading above both moving averages, reinforcing the positive outlook.
RSI (14) ≈ 65 remains above the neutral 50 level, indicating strong buying momentum, although it is approaching overbought territory.
The histogram remains above the zero line, confirming that bullish momentum is still intact.

👉 Conclusion: The H1 bias remains bullish. As long as price holds above the 4,085–4,090 support zone and the ascending trendline, the probability of extending the rally toward higher resistance levels remains favorable.

2. Current Price Structure
H1 Structure
Higher Low: around 4,089
Higher High: around 4,100
Current Price: around 4,100

Price continues to form Higher Lows and Higher Highs, confirming that the short-term uptrend remains intact.

The market is now testing a major descending trendline, where a breakout could trigger a stronger bullish expansion.

Current Pattern:

Ascending Trendline → Bullish Continuation → Breakout Test

This is a typical bullish continuation pattern that often precedes a move toward the next major resistance.

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SELL GOLD zone : 4117 - 4120

SL : 4125

TP : 4105 - 4090 - 4066

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