Retesting the gold trendline – will it rebound to 5284 or fall to 49?

Geopolitical tensions remain high, but markets are beginning to selectively cycle risks. While safe-haven demand remains structurally supportive of gold, short-term capital flows are showing hesitation as volatility stabilizes.

On the M30, price action is now at a technical decision point.

📊 Technical Overview of M30

structure:
• Shift from previous bear market structure (MSS)
• Strong sell-off followed by a period of consolidation
• Price is trying to recover towards trendline resistance

Main resistance levels:
•5243
• 5284 (trend line test area)

Current price area:
• 5164 (daily axis)

Demand/Imbalance Zone (Gap):
• 5096

The main liquidity is as follows:
• 4999

🔎Discuss

Bullish scenario (temporary recovery):
If price holds above 5096 and recovers to 5243,
Momentum may extend to 5284 to test the trend line.

Acceptance above 5284 will weaken the short-term bearish pressure.

Bearish scenario (continued decline):
Failed to hold above 5096
Open the way to 4999 liquidity.

The current structure favors cautious upside —
But the trend line resistance is still relatively large.

Short-term rebound.
Or is it a deeper correction?

Is 5284 the next magnet?
Or does 4999 still have unfinished business?

Write your bias below 👇