Key Trend: Clearly Bearish – Price is moving below the downtrend line and continuing to make lower highs.

Important areas of resistance:

Resistance area (≈ 5,072 – 5,074): Corresponds to:

downtrend line

Fibonacci level 0.5
→ If price rebounds, this is a strong selling area.

Nearby Resistance Levels: 5028 – 5030 — strong levels that often see long candle tails (liquidity decline). A break above this level could lead to a strong move higher.

Nearby support areas:

5,000 – 4,996: Short-term support as price is currently moving within a consolidation range (accumulation).

4,970 – 4,990: Strong support below (demand area).

Main scene:

Prices are currently trading in a narrow range below resistance, which suggests that the downtrend continues.

If the price falls below 5,000, a move towards 4,970 → and possible extension to 4,900 is possible.

Buy gold: 4970 – 4972
Stop loss: 4980
Take profit: 200 – 400 – 700 points

Sell ​​gold: 5072 – 5074
Stop loss: 5084
Take profit: 200 – 400 – 700 points

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