1️⃣Mainstream trends

Prices are within a medium-term uptrend.
The uptrend line (dashed line) acts as dynamic support.

2️⃣Important resistance

The 5100 resistance area above is an area where price has been rejected multiple times.
This is an area of ​​strong supply, and when prices return to this area, selling pressure is likely to occur.

3️⃣The closest support

The support area in the middle of the chart corresponds to:

4887 – 4885 and rising trend line
old assembly area
→ Factors converge to form a support area (Confluence Support)

4️⃣Deeper support

The support area 4697 – 4695 and the spread below it represents the last strong support.
If the price breaks above the trendline and nearby support → it may tend towards this area to fill the gap.

📌 Trading settings

Buy gold: 4887 – 4885
Stop loss: 4877
Take Profit: 100 – 300 – 500 pips

Sell ​​gold: 5100 – 5098
Stop loss: 5110
Take Profit: 100 – 300 – 500 pips

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