Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
1️⃣Resistance
5,048 – 5,050: Strong resistance zone (recent high + distribution zone).
Price reacted and rejected in this area → this indicates that selling pressure remains dominant in the short term.
The continuation of the uptrend + post-breakout retest will only be confirmed when a clear candle closes above 5,050.
2️⃣ Support
4,930 – 4,932: Intermediate support (Fibonacci 1.618).
4,917 – 4,919: Convergence with the trend line.
4,843 – 4,845: Strong support (Fibonacci 2.618+ support area).
If it falls below 4843 points, the short-term bullish structure will be invalidated and the decline may extend to 4740 points.
3️⃣ Trend Line
The uptrend line remains.
Price moves above the trendline → This means that the technical recovery structure is still valid.
A break above the trend line signals a deeper correction.
📌 Trading Plan
Buy gold: 4,917 – 4,919
Stop Loss: 4,909
Take Profit: 100 – 300 – 500 pips
Buy Gold: 4,843 – 4,845 (expected CPI news)
Stop Loss: 4,833
Take Profit: 100 – 400 – 700 pips
Gold sold: 5,048 – 5,050
Stop Loss: 5,040
Take Profit: 100 – 400 – 700 pips
