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Gold prices are currently trying to recover after the recent sell-off, and are currently approaching a key structural breakthrough level near 5189. From a technical perspective, gold prices have been hovering near a descending trendline, forming gradually higher lows near lower support areas.
This type of contraction usually indicates that the market is accumulating liquidity before a directional expansion.
Currently, the price is testing the upper limit of the range, while downward trendline pressure is easing.
The next movement consists of several important layers:
resistance level
• 5189 – Trigger penetration level
The following liquidity targets
•5272
•5323
Support areas
•5132
• 5091
main structural support
• 5015
If a breakout of 5189 is confirmed, the structure may shift from consolidation to upward expansion.
bullish scenario
If gold successfully breaks through and holds above 5189, the market may begin to continue moving towards the following liquidity pools:
• 5272 – First resistance zone
• 5323 – Primary Liquidity Target
This scenario would confirm an upward breakout following trendline contraction, a common pattern before momentum expands.
bearish scenario
However, if the breakout attempt fails and price rejects the 5189 area, the market may pull back to rebalance liquidity.
Key bearish levels to watch:
• 5132 – Daily Support
• 5091 – Scope support
A break below 5015 would be seen as a rejection of the bullish structure and could lead to a deeper sell-off.
Technology vision
The current structure shows a contraction between trendline resistance and horizontal levels, which are typically followed by strong moves following a release of liquidity.
Traders should watch for price reaction near 5189, as this level could define the next trend extension.
Rolling questions
Do you expect gold to break through 5270-5320, or reject here and hit lower support first?
