AstronautPioneer’s OANDA:XAUUSD Uptrend Still Quietly Forming — TradingView

After breaking out of the accumulation zone, the price is in a short-term uptrend (bullish).
Currently entering a correction/retest phase after hitting a strong resistance area.
The upward trend line still exists → Prioritize buying following the main trend.

2. Resistance Zone

4,851 – 4,853 → Nearby Resistance + Rejection Zone → Potential Opportunity for Short-term Sell Trades
4,940 → Strong resistance (2.618 Fibonacci extension) → Key profit-taking area on breakout + medium-term selling opportunity

3. Support areas

4,798 – 4,796 → Intermediate support → Important retest area for continued rise
4,739 – 4,737 → Strong Support (Demand Zone) + Previous Price Gap → Ideal Buying Zone during Deep Correction

4. Trend Line

The rising trendline remains supportive of the price.
The previous downtrend line is broken → confirming the shift to an uptrend.

5. Main scene

👉 Preferred buy: when price moves back to 4,798 or deeper to 4,739
👉 Short-term selling only: When price reacts to 4,851, the reserve area is 4,940
👉 If it breaks through 4,851 strongly → target 4,940

Trading plan:

Buy gold: 4739 – 4737
Stop loss: 4727
Take profit: 200 – 400 – 700 points

Sell ​​gold: 4851 – 4853
Stop loss: 4863
Take profit: 200 – 400 – 700 points

Sell ​​gold: 4940 – 4942
Stop loss: 4952
Take profit: 200 – 300 – 1000 points