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Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124

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The uptrend line has clearly been maintained since the recent bottom.
Structure: Consecutive higher highs and lower lows → uptrend continues.
Price is currently trading above the trendline → buyers are still in control of the market.
👉 As long as the trend line is not obviously broken, the priority of the scenario is still to buy with the trend.
🟢 Support area: 5,001 – 4,999
compatible:
• Lower boundary of the recent oscillation zone
• Assembly area before upward thrust
• Near the uptrend line
This is the buyer’s defensive zone.
Expected reaction:
If the price returns to this area, a candle with a long lower tail or consolidation may occur → and then continue upward.
In case of severe fracture:
→ Short-term upward trend weakens
→ Price may retest deeper support areas.
🔴Resistance Zone: 5,200 – 5,202
Prices in the area have been rejected multiple times before.
Prices are now approaching a retest.
Two main scenarios:
1️⃣Reject after resistance
A long upper tail or sell engulfing candle appears (bearish engulfing)
→ The price is likely to return to the 5,000 area.
2️⃣Strong penetration above 5200
The candle closed significantly above the resistance level
→ Confirm supply zone breakthrough
→ Open the way for a new rising wave.
📌 Trading settings
Buy gold: 5,001 – 4,999
Stop Loss: 4,991
Take Profit: 100 – 300 – 500 pips
Sell gold: 5,200 – 5,202
Stop Loss: 5,210
Take Profit: 100 – 300 – 500 pips
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