Abdul Qayoom

Price is respecting a rising trendline, showing steady bullish structure. Currently testing a key resistance zone after breaking above short-term consolidation. A confirmed breakout above the highlighted supply zone could open the path for further upside continuation. However, failure to hold above the trendline may lead to a pullback toward the support area below. Bias: Bullish above trendline Key Levels: Resistance: Upper zone Support: Trendline + demand zone Watch for breakout confirmation or rejection before entry

Hello Traders! What are your thoughts on Gold? Gold is currently trading within a well-defined descending channel.After hitting the channel's lower boundary and finding strong support around the $4,000 level. we witnessed a relief bounce As of now, the price is approaching the upper boundary of the channel. This area is particularly significant because it coincides with a major horizontal resistance zone (Confluence). Key Takeaways: Bearish Outlook: We expect a price rejection upon reaching this confluence zone. Target: A potential move back toward lower targets remains the primary scenario Condition: As long as the price remains capped within this descending channel, the overall bias remains Bearish_ Please don't forget to like and share your thoughts in the comments