We await the release of Producer Price Index (PPI) data for a strong breakout

The downtrend line (lower highs) acts as dynamic resistance.

Price continues to reject as it hits this line → the structure still favors moving sideways amid minor downward pressure.

A short-term bullish reversal is only confirmed when there is a clear breakout and a strong candle closes above the trend line.

2️⃣ Resistance: 5,250 – 5,252

Strong supply areas have previously triggered multiple price reactions.

If a decisive breakout occurs → the likelihood of expansion to higher levels increases.

However, if the rejection continues → the price may continue to move within a triangle/tight range.

3️⃣ Support: 5,122 – 5,124

Significant demand area + coincides with the long-term uptrend line (dashed line).

Keeping this area → means that the assembly structure remains unchanged.

A break above support → confirms an exit from the sideways structure and increases the risk of deeper downside.

📌 Trading Plan
Buy gold: 5,122 – 5,124

Stop Loss: 5,112
Take Profit: 100 – 300 – 500 pips

Sell ​​gold: 5,250 – 5,252

Stop Loss: 5,262
Take Profit: 100 – 300 – 500 pips