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1️⃣ Trend line structure
The price is moving within a symmetrical triangle pattern.
Upper Trendline: Connecting the lower highs → This indicates selling pressure is weighing on the price.
Lower Trend Line: Connecting the higher lows → Buyers are still supporting the price well.
The price range gradually narrows → prepare for a strong breakout.
2️⃣ Main resistance
Area 5,250 – 5,252: Strong resistance + corresponds to the previous supply area.
If there is a clear breakthrough of the upper boundary of the triangle → a test of the 5,250 level is very likely.
Strong breakout and close above 5,250 → confirms the continuation of the uptrend.
3️⃣ Main support
Area 5,123 – 5,125: Strong Support (Demand Area).
If the lower boundary of the triangle is broken → the probability of a retest of 5,125 is high.
Losing the area → canceling the short-term bullish structure.
📌 Trading Plan
Buy gold: 5,123 – 5,125
Stop Loss: 5,110
Take Profit: 100 – 300 – 500 pips
Sell gold: 5,250 – 5,252
Stop Loss: 5,262
Take Profit: 100 – 300 – 500 pips
