Technical Overview

Monthly and weekly structure remain bearish, with daily waves aligned to continuation while price trades below the daily countertrend VAL (58.243), keeping downside pressure intact.

Bias 🔴

Bearish continuation while the Weekly Close < Weekly Pivot at 60.163

Path

55.75 → 54.73 | → 53.07—52.54

Disclaimer

This analysis is for educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other type of advice. Nothing in this publication should be interpreted as a recommendation to buy or sell any financial instrument.

Trading and investing involve significant risk, including the potential loss of all capital. Always conduct your own research and consult with a licensed financial professional before making any trading or investment decisions. The author assumes no responsibility for any actions taken based on the information provided.

Technical Overview

Platinum is advancing within a well-defined ascending channel, with expansion active above the daily pivot.

Bias

Long until Daily Close < Daily Pivot at 1,658

Path

1,729 → 1,815 → 1,868 → 1,954

Disclaimer

This analysis is for educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other type of advice. Nothing in this publication should be interpreted as a recommendation to buy or sell any financial instrument.

Trading and investing involve significant risk, including the potential loss of all capital. Always conduct your own research and consult with a licensed financial professional before making any trading or investment decisions. The author assumes no responsibility for any actions taken based on the information provided.

Technical Overview

Gold back into its expansion phase following the decisive break of the bearish countertrend, with price holding above the daily pivot structure, targeting the daily Fibonacci 161.8 at 4,618.

Bias

Long until Daily Close < Daily Pivot (≈4,190–4,207 zone).

Path

4,355 → 4,401 → 4,518 → 4,581 → 4,618

Disclaimer

This analysis is for educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other type of advice. Nothing in this publication should be interpreted as a recommendation to buy or sell any financial instrument.

Trading and investing involve significant risk, including the potential loss of all capital. Always conduct your own research and consult with a licensed financial professional before making any trading or investment decisions. The author assumes no responsibility for any actions taken based on the information provided.

Technical Overview

H4 structure continues to compress under the descending trendline, with repeated failure at 59.4–59.7 reinforcing seller control; a clean break of 58.157 is required to activate the next expansion leg down.

Bias

Short bias remains intact until H4 closes above 59.429.

Path

58.157 (expansion trigger) → 57.307 → 56.422

Technical Overview

Gold continues to trade in the bullish inner-expansion phase, with structure pressing upward toward successive Fibonacci projection levels indicated on the chart.

Bias

D/H4 long until H4 close > 4,145.27.

Path

4,195.14 → 4,252.55 → 4,288.81 → 4,345.42-4,355.40

Bias

H4 Long until H4 Close > 58.358

Path

59.33 → 59.50 → 59.78 → 59.85

Key Chart (H4)

The primary bullish trend is intact, and after a healthy 38.2 correction on H4, waves turned back upwards and the countertrend broke.

Until the below H4 pivot is intact, the target is the H4 target Fibonacci 161.8 that coincides the Daily 250.

• Bullish trend still valid on H4 and above

• Bullish trigger level: 3,777

• Target: 3,800 (above ATH)

• Invalidation: H4 close below 3,753

WTI crude oil continues to respect its larger bearish framework. The recent price action confirms a continuation move after a corrective structure on the daily chart failed to reclaim prior support zones. Multi-timeframe alignment now favors further downside exploration into marked target Fibonacci zones and weekly pivots.

Long-Term Outlook

The monthly chart shows a clearly defined bearish trend structure. Price has respected the monthly pivot levels at $69.942 and $71.388, with no clean breakout above these key zones. This long-term resistance context reinforces the downside continuation thesis, with lower timeframe breaks now aligning accordingly.

The Daily Chart

A strong bearish impulse followed by a rounded corrective structure failed to break higher, rejecting cleanly from the $66.149 daily pivot. This was followed by a clean break below the rising trendline and daily support levels, notably $65.448 and $65.043, suggesting the end of the countertrend and resumption of bearish pressure.

The price has now transitioned back into an expansion phase, with multiple Fibonacci target levels below aligning with the broader trend.

Trigger Conditions

• Short Trigger: Break of any H4/H1 countertrend.

• Long Trigger: None valid while below $66.149 daily pivot and countertrend structure remains broken

Target Zones

• Daily Target Fibonacci:

  • 138.2% at around $63.327

  • 161.8% at around $62.367

  • 200.0% at around $60.774

• Weekly Pivot Zone: $62.367

Validity

The daily pivot at $66.149 serves as structural invalidation. A clean reclaim and hold above this level would invalidate the current bearish continuation thesis.

Summary

WTI has resumed its macro bearish trend following a failed countertrend rally on the daily timeframe. The clean break of structure, violation of support levels, and alignment with higher timeframe resistance reinforces downside continuation toward the daily target Fibonacci zones and weekly pivot. Continuation setups favor short positioning below the daily pivot, with clear downside targets mapped out.

What’s your take on this WTI structure? Share your view in the comments—let’s compare frameworks.

Silver continues to trade in alignment with its multi-timeframe bullish structure. Both the weekly and daily charts support ongoing upside momentum, while the recent break of the H4 countertrend confirms a potential expansion phase toward higher target Fibonacci levels.

Long-Term Outlook

The weekly trend remains structurally bullish, with the market holding above the weekly pivot at $35.983. Price recently cleared a prior high, suggesting continuation potential toward the confluence of Fibonacci targets between $38.00–$39.00. The key monthly pivot support at $28.891 remains a major structural guardrail for the long-term trend.

The Daily Chart

The daily structure is in consolidation following a strong impulse leg, with a sustained series of higher lows and higher highs. Daily pivot support remains firm at $35.983, $36.027, and $36.106, forming a well-defined support zone. The clean breakout above the prior high confirms continuation potential if this structure holds.

Target Fibonacci extensions on the daily are stacked between:

• $37.05, $37.60, and $38.00–$39.00, aligning with weekly targets.

Short-Term Dynamics

On the H4, the short-term countertrend line has been broken, indicating the start of a new bullish impulse phase. As long as the H4 pivot at $36.470 and the bullish wave structure hold, short-term continuation toward higher Fib zones remains valid.

A minor retest of the breakout zone around $36.60–$36.70 would align with a potential re-entry before targeting:

• H4 Fib extensions at $37.20 - $37.60

Trigger Conditions

• Long Trigger: Break and hold above H4 countertrend and retest zone near $36.599–$36.706

• Short Trigger: None valid while structure holds above daily pivot

Target Zones

• H4 Target Fibonacci: $37.20, $37.60

• Daily/Weekly Target Zone: $38.00–$39.00

Validity

Daily pivot zone $35.983–$36.106 remains the structural support. A clean break below this would invalidate the bullish continuation thesis and signal the start of a deeper correction.

What’s your take on this silver setup? Do you see the same alignment across timeframes?

Silver continues to present a structurally aligned long setup across all major timeframes. From the monthly down to the H4, each chart reflects a bullish continuation with clean breakouts and valid pivot zones holding. The confluence of structure and Fibonacci alignment signals that the trend remains in an expansion phase, with higher timeframe levels validating upside targets.

Long-Term Outlook

On the monthly and weekly charts, Silver maintains its bullish trend structure. The recent breakout above the weekly 186.80% Fibonacci extension at $36.921 reinforces the upside continuation. The next higher timeframe resistance appears around the $38.50–$39.00 zone, corresponding with the 200.00% Fibonacci target on both weekly and monthly scales. The weekly pivot at $35.983 continues to serve as a structural anchor.

The Daily Chart

Daily structure confirms a clean bullish continuation following a period of consolidation. Price has cleared the prior resistance and is approaching the target Fibonacci cluster zone. The daily pivot level at $36.027 holds as a critical validation point for trend continuation. A bullish impulse from this zone has already begun forming, targeting higher Fibonacci extensions.

Short-Term Dynamics

On the H4 timeframe, a break above the H4 structure at $36.843–$36.921 activated a sequence of bullish target zones. The corrective leg down to the H4 pivot was respected, and the market has since resumed upward movement, supported by a clear countertrend break. The green arrow projects potential continuation into the target zone up to $38.20.

Trigger Conditions

• Long Trigger: any H1/M15 countertrend break until the H4 pivot holds

• Short Trigger: None identified—structure supports continuation long only at this stage

Target Zones

• H4 Target Fibonacci: $36.00–$38.60 (138.2–161.8%)

• Daily Target Fibonacci: $37.60–$37.80 (138.2–161.8%)

• Monthly Fibonacci Extension: $38.20 (200.0%)

Validity

The setup remains valid as long as the daily pivot zone at $36.027–$36.106 holds. A breakdown below this area would challenge the continuation structure and call for reevaluation.

Summary

Silver remains in a confirmed bullish expansion phase, with a clean break of structure aligning across monthly, weekly, daily, and H4 charts. As long as the daily pivot zone remains intact, Fibonacci targets up to $39.00 remain structurally valid. This setup reflects a textbook continuation scenario under a multi-timeframe framework.

What’s your take on Silver’s current expansion structure? Do you see continuation into the upper Fib zone?

That scenario has now played out. With this week’s close confirming a break below the weekly pivot at 3,291.99, the short-term structure has shifted into correction mode. The following analysis details the current alignment across weekly, daily, and intraday timeframes—and outlines actionable re-entry zones for trend-aligned participation.

Market Overview

After reaching the long-standing monthly target Fibonacci 313.2 (near 3,440), the Gold has entered a corrective phase. The weekly structure is now under pressure, confirmed by a close below the weekly pivot at 3,291.99, breaking the prior long structure with a single bearish wave. This move initiates a valid short trend phase on the daily timeframe, with clearly defined downside targets.

Weekly Structure

The recent weekly close below the 3,291.99 pivot confirms a structural break in the broader bullish trend. This follows the major advance from late 2024 into mid-2025 that culminated near the monthly expansion zone. While the long-term trend remains intact above 2,937.44, short-term momentum favors continued correction.

Daily Chart

The daily timeframe shows a clean short trend developing within a well-defined red trend channel. This trend has now been validated by price rejection near the upper boundary of the channel and the break below the previous daily pivot zone. If the structure remains intact, it could lead to further downside into:

• Breakout retest zone near 3,239.84

• Target Fibonacci 100 at 3,120.43

• Correction Fibonacci 23.6% zone and weekly breakout at 3,083.39

• Correction Fibonacci 38.2% aligned with the next weekly breakout (2,937.44)

These levels form a high-probability sequence as long as price remains under the daily pivot.

H4 Timeframe

The H4 chart confirms the secondary short trend. Price is currently in a distribution phase within the short trend, with the red channel guiding directional flow. Any short-term retracement into the 3,291.99 pivot or rejection from the daily pivot zone offers opportunities to rejoin the short trend.

A break above 3,332.54 and consolidation above 3,355.08 could invalidate the short setup and initiate a minor long trend, targeting the clean H4 breakdown zone at 3,424.24. Sustained trade above this would re-enter the primary long trend and reopen upside into the monthly extension levels.

Key Trigger Levels

• Short Trigger: H4/H1 longn countertrend break below the daily pivot at 3,323.10

• Long Trigger (cyan): Break above 3,355.08 (daily pivot zone upper boundary)

Valid Target Zones

• Daily Target Fibonacci 100: 3,120.43

• Correction Fibonacci 23.6: 3,083.39

Validity

Daily pivot at 3,291.99 remains the active reference level for trend validation.

Conclusion

Gold is currently in a corrective phase after tagging a major monthly extension. The daily short trend is valid as long as price holds under the pivot zone, with clean downside expansion. A reversal above the daily pivot would invalidate this setup and open the door to a bullish continuation.

What’s your take on this market? Share your view in the comments—let’s compare frameworks.

WTI Crude Oil has entered a broad neutral zone on the daily chart after a strong impulsive rally was rejected just below the upper bound of the descending channel. The recent failure to hold above $74.84 highlights structural indecision, suggesting traders should now monitor both upside continuation and downside breakdown triggers with equal attention.

Daily Chart

The macro descending channel remains intact, with price reacting cleanly to both the upper and lower bounds over the past year. The most recent rally broke above a cluster of monthly pivot levels at $69.94 and $71.38, reaching into the green descending channel resistance before swiftly reversing.

This rejection confirms $74.84 as the key daily long trigger, while the reclaim of $58.98 (clean daily breakout) defines the bottom of the current neutral zone. Price is now consolidating within this range, forming a potential base or sideways move before the next directional move.

The area between $58.98 and $74.84 should be treated as a neutral zone, with potential for reaccumulation or distribution depending on how price interacts with key levels.

Key Trigger Levels

• Long Trigger (Green): $74.84 – Break above the descending trendline and the daily breakdown could open momentum toward the next major resistance.

• Short Trigger (Red): $58.98 – Breakdown below the weekly pivot zone and the daily breakout confirms bearish continuation toward lower support.

Target Zones

• Daily Expansion Target: $85.32 – Clear daily target if $74.84 breaks, a clean daily breakdown.

• Weekly Breakdown Target: $52.60 – A weekly breakout acting as a support from prior structure lows, likely only in play if $60.00 breaks cleanly.

Conclusion

WTI is structurally trapped in a wide neutral zone. A break above $74.84 sets up bullish continuation toward $85.32, while a failure to hold $58.98 exposes downside risk toward $52.60. Until either of these levels are taken out, short-term trades within the range must be managed tactically.

How are you interpreting this rejection off the daily channel? Share your view in the comments—let’s compare frameworks.

Crude oil (WTI) continues to present a structurally aligned bullish setup across all active timeframes. Price has completed a daily target move while lower timeframes consolidate near breakout zones. A sustained push higher could validate the next leg toward higher timeframe Fibonacci targets.

Monthly Trend

The monthly chart is attempting a breakout from a long-standing descending channel. Price has decisively reclaimed the $71.38–69.94 monthly pivot zone, establishing the first real challenge to the macro bearish structure in over a year. A continuation above $76.62 would validate the shift into a potential new expansion phase.

Weekly Structure

The weekly chart confirms a sequence of higher highs and higher lows. Price is advancing in a clear impulsive wave targeting the early 2025 high at $78.07—also the 100% weekly target Fibonacci level. This aligns with broader bullish momentum and supports a continuation toward the 138.2% and 161.8% extensions.

Daily Chart

The daily structure remains long. Price recently hit the target Fibonacci 138.2% at $76.62, completing the current wave’s objective. Despite this, the daily structure remains intact with no signs of exhaustion yet. The path remains open toward the next resistance at $77.00 and $78.07 if momentum sustains.

H4 Timeframe

The H4 chart confirms bullish continuation, with price consolidating just below $76.05—mapped as a key 100% extension level. The consolidation appears healthy and maintains structure above the $74.23 pivot (H4 orange level). A clean breakout above $76.05 could initiate the next impulsive wave.

H1 Timeframe

A diamond formation has formed on the H1 chart, signaling market indecision. However, if the market breaks above the M15 breakdown area at $75.60, it could trigger a move toward the H1 target Fibonacci 161.8% near $77.00. This zone aligns with both the daily ATR projection and the weekly extension setup.

M15 Timeframe

M15 shows a series of tests near intraday highs. A potential breakout above the highest M15 breakdown at $75.60 would mark the confirmation of local accumulation and enable participation targeting higher timeframe resistance zones.

Key Trigger Levels

• Bullish Trigger: Break above $75.60 (M15 breakdown reclaim)

• Secondary Trigger: Clean close above $76.05 (H4 100% Fibonacci)

Target Zones

• Daily Target Fibonacci: $76.81 (already tested)

• Next Target (H1/Daily): $77.00–$77.30 (H1 161.8% + Daily ATR)

• Weekly Fibonacci Target: $78.07 (100%)

Validity

The structure remains valid as long as price holds above the daily pivot zone at $71.47–$73.38.

Conclusion

WTI is in a structurally aligned bullish sequence from monthly to M15. The breakout attempt is underway, but momentum confirmation above $75.60 is critical. If achieved, the next leg targets $77.00 and above—aligned with H1 and weekly target Fibonacci zones.

Actionable Insight

Watch the $75.60–76.05 cluster closely. A breakout above this range could unlock rapid upside toward $77.00+. Until then, consolidation remains tactical. Invalidation sits below $73.38.

How are you interpreting this diamond structure on H1? Could it act as a launchpad or signal pause? Share your view in the comments—let’s compare frameworks.

Follow for more structured analysis across commodities—let’s build a conversation around precision trading.

Long-Term Outlook

After a steep and exponential rise, Gold has touched the monthly Fibonacci 300 target, a level that historically signals exhaustion or at least a pause in momentum. This is clearly visible on the weekly chart, where the long-term trend remains intact, but the market is extended.

On the daily timeframe, the bullish trend is still valid, though a short countertrend also remains in place.

Key chart - H4

The focus now is the green zone, where the breakdown of this daily countertrend aligns with clean breakdowns on both H4 and H1—creating a multi-timeframe reaction zone.

This zone may become a launchpad for a new expansion phase, with the following targets in sight:

• Daily Fibonacci 100

• H4 Fibonacci 161.8

However, if price breaks below the daily pivot zone (orange “D”), the structure shifts into the weekly correction zone. A deeper pullback would only be confirmed below the weekly pivot, which would invalidate the higher timeframe bullish structure.

In summary

Gold is close to a technical zone. Either the bulls reclaim this reaction zone for a continuation to the next targets, or a deeper correction begins. The reaction here will define the next phase—expansion or correction.

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Let’s trade smart.

On the monthly timeframe, Crude Oil continues to trade within a clearly defined downward channel, maintaining the long-term bearish trend. The lower boundary of this channel has recently been reached, providing technical support and triggering a corrective bounce.

Despite this reaction, the channel remains valid until broken, and the long-term trend continues to favor the downside.

However, the recent bullish price action suggests that buyers are defending the lower channel line aggressively, especially with confluence from the multi-year horizontal support zone around $64–60. This area has historically triggered significant reversals.

Double Fibonacci Target and Countertrend Validation on the Weekly

The weekly chart reveals a notable technical development. Price bounced from the 200% Fibonacci extension of two previous swings, creating a strong support base. This Fibonacci confluence marks a high-probability reaction zone. Following this, the market printed a strong bullish weekly wave structure that closed above the descending countertrend line, thereby validating a weekly bullish countertrend.

Currently, price trades between the key weekly pivot zone ($60.77–$62.36, orange zone) and multiple retracement levels up to $69.94–$71.38 (monthly pivot zone), which serve as overhead resistance.

As long as the weekly pivot zone remains intact, this countertrend may lead to further gains or at least continued sideways consolidation with a bullish tilt.

Breakout Confirmed but Facing Dense Overhead Structure on the Daily

On the daily chart, price has broken the short-term descending trendline, marking a clear breakout structure. The breakout came with a retest and continuation setup, supported by rising momentum.

Despite this bullish pattern, the market is currently trading in a structurally dense correction zone — this includes the 50–61.8% retracement levels, previous daily breakdown levels, and one weekly breakdown zone. These overlapping resistances make this zone particularly tricky for clean continuation moves.

That said, if price can hold above the daily pivot zone (~$62.80-$63.30) and maintain higher lows, it opens the door for a potential continuation toward the next key targets:

• $65.70: 61.8% retracement

• $66.60: 78.6% retracement

• $69.10–$71.38: Daily and Monthly breakdown levels (major resistance cluster)

Trend Phase Alignment and Probabilities

• The monthly trend remains short.

• The weekly and daily trends are now aligned long.

This divergence of trend direction between higher and lower timeframes suggests the market is in a corrective expansion phase rather than a full trend reversal. Expansion phases offer excellent short- to medium-term opportunities but can turn volatile without warning.

If price breaks below the weekly pivot zone (~$60.77), the bullish scenario is invalidated and a retest of the lower monthly channel could follow.

Conclusion

Oil is in a complex technical state:

• Monthly: bearish channel intact

• Weekly: bullish bounce from double Fibonacci confluence

• Daily: breakout active but within a noisy correction zone

Until the higher timeframe trend breaks, the current move should be treated as a countertrend rally. Still, as long as the weekly pivot zone holds, bulls are in control on the lower timeframes, aiming for the $69–$71 resistance zone next.

Monthly Timeframe – Exponential Bull Trend with Resistance Reaction

On the monthly chart, Gold is clearly in an exponential long trend structure, marked by steep price acceleration and consistent higher highs. The previous two monthly candles have printed upper shadows precisely at the 300% Fibonacci extension level, indicating a potential short-term exhaustion or profit-taking phase at this historically significant level.

However, this is not a reversal signal in itself—just a sign of deceleration within the context of a strong trend. The bullish macro structure remains intact, supported by a parabolic trendline and a clean wave sequence from previous consolidation zones.

Weekly Timeframe – Trend Intact Above the Pivot

Zooming into the weekly timeframe, the price is consolidating just below the monthly Fibonacci target, yet holding above the key weekly pivot at 3,198.67, which serves as the structural anchor of the trend. As long as this level holds, the impulse remains valid.

There is no sign of a breakdown, only a pause. Fibonacci extension targets from the weekly wave structure suggest the medium-term targets extend well above 3,500 if the consolidation resolves to the upside.

Daily Timeframe – In Sync with Higher Timeframes, but Facing Short-Term Correction

The daily chart shows that the market is already in a confirmed long trend, after breaking the countertrend, therefore, aligned with the higher timeframes. However, a short-term descending channel has developed, suggesting a valid countertrend within the larger trend.

Key support lies at the daily pivot zone (orange, around 3,286–3,317), which remains the structural boundary for the continuation idea. The price has tested this zone and reacted, and if the descending structure breaks upwards, it could open the path toward the daily peak at 3,435, and higher.

4H Timeframe – Tactical Entry Zone Developing

On the H4 chart, we see a clear short-term countertrend structure still in play. The market has pulled back into a key trendline support zone while respecting the wave structure of the H4 correction.

If the market prints higher lows and bullish wave formations at the green trigger zone, that would synchronize all timeframes (Monthly–Weekly–Daily–H4) in a unified long direction. In that case, the daily peak and the 3,400–3,435 Fibonacci zone, and even the daily Fibonacci targets beyond, become valid targets for the coming week.

This green zone is not a forecast—rather, it’s a trigger area where the probabilities shift in favor of the trend continuation.

Conclusion

I don’t forecast—I analyze without bias. My method is to assess the trend structure across multiple timeframes and define potential trigger levels where all timeframes align. When this alignment occurs, markets often transition into expansion phases—those fast, directional moves that trend-following traders seek.

In Gold’s current setup, the trend is clearly long, but the market is in a short-term correction. A return of bullish structure on the H4 around the current zone could present a high-probability continuation opportunity in sync with the dominant macro trend.

Stay focused on structure, alignment, and validation—not prediction.

This analysis is not a forecast. It reflects the structure of the market and the zones where trend alignment across timeframes may trigger expansion phases.

The monthly and weekly charts confirm a clear and active bearish structure, with lower highs and a firmly respected descending trendline across all major timeframes.

The short-term rally that has captured traders’ attention could be just a retracement in a broader downtrend. Price is now approaching a busy area loaded with resistance levels:

• Monthly breakdowns at 71.38, 69.94, and 68.12

• Daily and weekly resistance zones clustering between 65.90 and 68.10

• A significant weekly pivot at 64.41, which already paused the momentum once

This confluence zone acts as a magnet and a minefield: while it may pull prices toward it, each level also has the potential to halt or reverse the move.

On the daily chart, the market is navigating a neutral zone — any failure to reclaim the cluster of breakdowns could trigger renewed selling. The longer-term monthly chart shows no structural trend change, and unless we see a confirmed break of the descending trendline with follow-through above 71.38, the bears remain in control.

Key Levels to Watch

• Resistance Zone: 65.90 – 71.38 (multi-timeframe cluster)

• Support: 58.98 (daily level), 42.79 (monthly key structure)

Conclusion

This rally may look convincing on lower timeframes, but from a top-down view, it still appears countertrend. Without a confirmed breakout above the resistance cluster, bulls are fighting gravity. The burden of proof is on the buyers, and the monthly chart suggests they may soon run out of fuel.

Gold is consolidating just below the ATH in a well-established uptrend. The weekly pivot at $3,198.67 is the key level to watch—holding above it preserves the bullish structure.

Trend: Strong long-term uptrend

Structure: Price remains near all-time highs, showing no major weakness.

Key Resistance:

• All-Time High (ATH): $3,500.11

Key Support Levels:

• Weekly Pivot: $3,198.67

• Fibonacci Retracements:

  • 23.6%: $3,083.39

  • 38.2%: $2,937.44

  • 50.0%: $2,743.84

Daily Chart (1D)

The daily chart confirms a shift in momentum. A higher low structure has formed, and the bullish scenario remains valid as long as price stays above the weekly pivot.

Trend: Bullish breakout in progress

Structure:

• The descending countertrend line has been broken or is in the process of breaking.

• Last breakout area (around $3,250 – $3,240) has been successfully retested, validating the move.

Key Targets (Fibonacci Extensions):

• 100%: $3,400

• 123.6%: $3,423.30

• 138.2%: $3,462.20

Support Levels:

• Local Support Zone: $3,250.07 – $3,239.84

• Weekly Pivot: $3,198.67

4H Chart (4H)

Momentum and structure align across timeframes. Above $3,328.65, intraday setups favor long positions toward the projected Fibonacci targets. The market has a nice room for short-term correction that may give better RR trades.

Trend: Short-term breakout confirmed

Structure:

• The last H4 countertrend line has broken, aligning with the daily structure.

• Confluence with major breakout zones from higher timeframes strengthens the signal.

Short-Term Bullish Targets:

• $3,400

• $3,423.30

• $3,462.20

Support and Invalidation:

• Critical Support (invalidates setup): H4 Support: $3,276.37

Summary

Bias: Bullish across all timeframes

Key Validation Level: $3,198.67 (Weekly Trend Validation Level)

Bullish Targets:

• Short-term: $3,400

• Medium-term: $3,423 – $3,462

• Long-term: Breakout toward new highs above $3,500

  Invalidation: A break below $3,198.67 would neutralize the current bullish outlook