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1️⃣ Trend line structure
Price is moving within a symmetrical triangle pattern.
Upper Trend Line: Bearish Resistance
Bottom trend line: rising support
→ The market is under pressure in a wide range and is expected to break out strongly on the news.
2️⃣ Main resistance
5,250 – 5,252 – Resistance Zone + Liquidity
An area of strong supply corresponding to the upper trendline.
If there is a clear breakout → Next target: 5,375 (Fibonacci 1.618)
If rejected, the price may move back to test support.
3️⃣ Main support
5,113 – 5,115 – Support area
Demand area + recent bottom
Consistent with the uptrend line.
A breakout of this area → means the short-term bullish structure is lost.
📌 Trading Plan
Buy gold: 5,113 – 5,115
Stop Loss: 5,103
Take Profit: 100 – 300 – 500 pips
Sell gold: 5,250 – 5,252
Stop Loss: 5,260
Take Profit: 100 – 300 – 500 pips
