XAUUSD (Gold) – Rising Wedge Compression Near Major Supply

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Gold is currently trading inside a rising wedge compression pattern on the 1H timeframe, just below the major supply zone at 4845–4860.

This structure indicates indecision and liquidity buildup, typically seen before strong directional moves.

Despite short-term consolidation, the overall structure remains slightly bullish until a confirmed breakdown occurs.


📊 Key Levels to Watch

🔻 Resistance Zones (Sell Areas)

4845–4860 — Major supply zone

4870+ — Breakout continuation target


🔻 Support Zones (Buy Areas)

4812–4805 — Current demand + FVG

4786–4770 — Strong intraday support

4750 — Liquidity base zone


📉 Market Scenarios

⚠️ Primary Scenario (Most Likely)

A fake push upward into 4845–4850, followed by rejection.

🎯 Expected Move:

4810 → 4785


🔺 Bullish Breakout Scenario

If price delivers a clean breakout above 4850, bullish continuation may accelerate.

🎯 Upside Target:

4870+


🧠 Trader’s Insight

📌 Market Phase: Liquidity Build-Up

📌 Structure Bias: Neutral → Slight Bullish

📌 Decision Level: 4810 / 4850

Compression phases often lead to fast impulsive moves, making patience critical before entry.


For Signals and market insights : https://t.co/2BkxilNbVF



#XAU/USD# #gold# #GOLDTODAY# #Signal#



XAUUSD (Gold) – Rising Wedge Compression Near Major Supply


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