M30 timeframe – August 25th, 2026
✅ The Overall Trend Remains Bullish
🔻 From my perspective, Gold is still maintaining its bullish structure on the M30 timeframe. Price continues to form higher highs and higher lows while remaining within the ascending channel.
🔻 The current decline looks more like a short-term profit-taking move and correction after the strong rally toward the 4680-4685 resistance zone. At around 4635, I do not see enough confirmation to consider this a full trend reversal.
✅ Resistance Zone : 4680 – 4685
🔻 4680-4685 remains the key resistance zone I am watching.
🔻 After reaching this area, strong selling pressure pushed price lower, so I do not want to FOMO into BUY positions near this zone.
🔻 If price returns:
➡️ Breaks and closes above 4685 -> bullish momentum could continue toward higher levels.
➡️ Gets rejected again -> another correction or consolidation may follow.
✅ Key Support Zones : zone 4620 – 4615 And zone 4600 – 4595
🔻The first area I am watching is 4620 – 4615. If price reaches this zone and shows a clear bullish reaction, it would indicate that buyers are still defending the M30 structure.
🔻If this area breaks, 4600 – 4595 becomes the next key support. This level is particularly important because it is close to the lower boundary of the ascending channel.
🔻As long as 4600 – 4595 holds, I will continue to view the current decline as a correction within the broader uptrend. A clear break and sustained move below 4,601 would force me to reassess the bullish structure.
✅ CONCLUSION
➡️ Gold remains bullish on M30, but is currently undergoing a short-term correction after testing 4680-4685.
➡️ At around 4635, I am not looking to chase BUY positions. I prefer to remain patient and monitor:
🔻 4620 – 4615 – First Support
🔻 4600 – 4595 – Key Support
➡️ For now, I will let price come to these levels and wait for a clear reaction before making my next decision. The bullish structure remains valid as long as the key support levels are protected.