How Will Gold Perform at the End of the Week?

Market Outlook

Trend

* The short-term trend remains bullish, with price holding above the ascending trendline and continuing to form Higher Highs and Higher Lows.
* Bullish momentum remains intact; however, price is approaching a major supply zone, so confirmation of a breakout is needed before expecting further upside.

Resistance Levels

🔵 4,215 – 4,217 – Near-term resistance, a key supply zone, and the primary breakout level.
🔵 4,260 – 4,262 – Major resistance and the next upside target, aligned with the 2.618 Fibonacci extension.

* An H1 candle close above 4,215 would confirm the breakout and open the way for a move toward 4,260.
* If price is rejected from this zone, a short-term pullback may occur before the uptrend resumes.

Support Levels

🟢 4,142 – 4,144 – Immediate support and the breakout zone that should hold to maintain the bullish structure.
🟢 4,095 – 4,097 – Major support, aligned with the ascending trendline and a key demand zone.

* As long as price remains above 4,142, buyers remain in control of the trend.
* A break below 4,142 could trigger a pullback toward 4,095 before the market determines its next directional move.

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Trading Plan

🟢 BUY GOLD

* Entry: 4,040 – 4,042
* Stop Loss: 4,030
* Take Profit: 200 / 500 / 1000 pips

🔴 SELL GOLD

* Entry: 4,215 – 4,217
* Stop Loss: 4,227
* Take Profit: 200 / 500 / 1000 pips

Risk Management

* Risk no more than 1–2% of your account equity per trade.
* Wait for confirmation signals before entering a position.
* Consider moving your stop loss to breakeven once the trade reaches a reasonable profit level to protect your capital and reduce risk.