Gold prices reached all-time highs ahead of the rate decision.

1️⃣ Trend Line

The price is clearly moving within an ascending channel.

The structure of higher highs and higher lows (higher highs – higher lows) remains in place
→ This means that the main trend is still up.

The recent strong rally was a breakout of the consolidation area and confirmed that buyers are in control of the market.

2️⃣Resistance Zone

🔵5,278 – 5,280 (strong resistance zone)

The confluence of several factors: the upper border of the ascending channel + previous supply zone + trendline + Fibonacci levels.

Expect short-term profit taking or a correction in this area.

Confirm continued rise
→ There should be a clear breakout and the candle closes above this area.

3️⃣ Support areas

🟢 5,200 (close support)

The final breakthrough area → the first technical support.

If the price returns to this area and manages to stabilize above it, the uptrend is still valid.

🟢 5,105 (strong support)

Last structural low + lower border of ascending channel.

If the price falls into this area and buying power emerges, it could be an opportunity to continue the uptrend in the medium term.

4️⃣ Main scenes

✔ As long as price is above 5,200, the trend remains in favor of buying on every correction
✔ Strong breakthrough of 5,280 points → opening the way for further gains within the channel
⚠ Breakthrough 5,105 → Signs of weakness in short-term bullish structure, potential for deeper correction

📌 Trading Plan

Buy gold: 5,200 – 5,202
Stop Loss: 5,190
Take Profit: 100 – 300 – 500 pips

Gold sold: 5,278 – 5,280
Stop loss: 5,288
Take Profit: 100 – 300 – 500 pips