1. Trend Overview

Current Trend: Bullish Consolidation within a short-term uptrend

Key Signals:
Price has broken above the previous descending trendline (blue line), confirming that the short-term bearish trend has ended.
EMA 9 (4,056) is trading around EMA 89 (4,062) during the retest phase. The gap between the two moving averages is narrowing, and a bullish crossover would further strengthen the uptrend.
Price is consolidating around the EMA 89 after pulling back from the 4,118 high, indicating a period of accumulation.
RSI (14) is around 47, reflecting neutral momentum with no signs of overbought or oversold conditions.

👉 Conclusion: The post-breakout structure remains constructive. As long as the 4,030–4,040 support zone holds, the probability of a continued move higher to retest the 4,110–4,118 resistance area remains favorable.

2. Current Price Structure

H1 Structure
Recent High: around 4,118
Nearest Support: 4,030–4,040
Immediate Resistance: 4,070–4,080
Major Resistance: 4,110–4,118
Current Price: around 4,055

Following the pullback from the 4,118 high, price established a bottom near 4,030 and has begun to recover. It is now testing the resistance area around the EMA 89.

This suggests that the market is in a post-breakout retest phase. If price breaks above the 4,070–4,080 resistance zone, it could continue its advance toward the 4,110–4,118 supply area.

----------------

BUY GOLD zone : 4030 - 4027

SL : 4022

TP : 4044 - 4060 - 4085

----------------