Gold price developments at the end of the week of December 5

1️⃣ Trend Line

Descent trend line (above – dashed line)
Price has been touched and rejected several times → becomes strong dynamic resistance.

The 4,225–4,230 price zone is a key area:
→ Valid breakout = opens upward momentum towards 4,260.
→ Failed breakout = price returns down following the previous trend.

Ascending trend line (below – dashed line)
This is dynamic support that maintains the short-term upward structure.

If price breaks through this trend line, a downtrend will activate.

2️⃣ Support Area – Key Resistance

4,225 – 4,230:
Confluence of the descending trend line + the previous supply zone → a designated area for buyers.

4,260 – 4,265:
Strongest resistance. When price touches this area, a downward reaction is likely.

Support

4,190 – 4,195:
The first area to be tested if the trend line is broken.

4,140 – 4,135 (lower green zone):
Very strong support – the main target if the downtrend is confirmed.

📌 Trading Signals
BUY GOLD: 4,140 – 4,138

Stop Loss: 4,130
Take Profit: 100 – 300 – 500 pips

SELL GOLD: 4,260 – 4,262

Stop Loss: 4,270
Take Profit: 100 – 300 – 500 pips