📈 1️⃣ Trend Line/Main Trend

The overall trend remains bullish as price remains above the long-term uptrend line (lower diagonal support line).

The market structure is still forming higher long-term lows, with no sign of a breakout from the major trend.

The recent sharp decline looks more like a shock than a true reversal, as the price did not close below the major trend line.

➡️Trend summary: The mid-term upward trend still exists, and the current trend is considered a callback.

🟥 2️⃣ Resistance

🔹5,316 – 5,320
The previous breakout area → now acts as nearby resistance.
Price may react when this area is retested.

🔹5,438 – 5,450
Strong resistance (previous high + supply zone) + price difference (GAP).
A clear breakout and a strong candle closing above this area confirm the continuation of the uptrend.

➡️Currently, any move higher toward these areas is likely to face short-term selling pressure.

🟩3️⃣ Support

🔹5,090 – 5,100
Major support areas aligned with the uptrend line.
This level is important to maintain the bullish structure.
A strong rebound in this area supports the continuation of the medium-term uptrend.

🔹If you break through level 5090
Prices may enter a deeper correction.
The short-term bullish structure will be invalidated.

🔻 Transaction settings

Gold sold: 5,316 – 5,318
Stop Loss: 5,330
Take profit: 200 – 400 pips – open position

Gold sold: 5,438 – 5,440
Stop Loss: 5,452
Take profit: 200 – 400 pips – open position

🟢 Preparation for purchase

Buy gold: 5,098 – 5,100
Stop loss: 5,086
Take profit: 200 – 400 pips – open position

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