Gold continues to hold a strong bullish structure, with price action aligning above key moving averages on the 30-minute timeframe. Market momentum remains positive as buyers maintain control, pushing price toward higher resistance zones.
📈 Key Technical Levels
- 🎯 Target Level: 4265
- 🔹 Pivot Level: 4194
- 📉 Support Level: 4174
🌟 Our Preference (Bullish Scenario)
As long as Gold remains above the pivot level at 4194, the bullish outlook remains intact.
✔️ Long positions are preferred above 4194
Targets:
- First Target: 4241
- Second Target (Extension): 4265
Stronger buying volume above 4223 further supports the upside continuation.
🔄 Alternative Scenario (Bearish if Breaks Pivot)
If price falls below 4194, the bullish momentum weakens.
📉 Below 4194 → Expect downward pressure
Downside Targets:
- 4174
- 4162
A break below these levels may open the door for deeper correction.
💬 Market Comment
While short-term consolidation may occur, current technical indicators suggest that the downside remains limited. The structure favors continuation toward the upper resistance zones as long as the pivot remains protected.
📌 Summary
Gold is maintaining its bullish intraday trend. Traders should monitor the 4194 pivot level closely—staying above it keeps the bulls firmly in control toward 4241–4265, while failure to hold may trigger a corrective pullback.
Edited 05 Dec 2025, 21:32
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
-THE END-