Gold is trending sideways ahead of major news.1️⃣ Trendline
Short-term rising trendline (black dotted):
Price is still moving above the trendline → the uptrend remains valid. Every pullback continues to find support.
Long-term rising trendline (below):
This is the major structural support, crucial for determining the medium-term trend if it gets broken.
2️⃣ Resistance
4,260 – 4,265:
A strong resistance zone where price has been rejected multiple times → strong selling pressure.
➜ Break and close above this zone: opens a new upside expansion.
➜ Failure to break out: likely leads to a corrective move.
3️⃣ Support
4,165 – 4,170:
Short-term support, a confluence of the rising trendline and a previous demand zone.
Below 4,165:
Price may slide quickly toward a lower rising trendline → higher risk of a deeper correction.
4️⃣ Main scenarios
Primary scenario: Sideways consolidation below resistance → pullback toward 4,165, then watch for price reaction.
Strong bullish scenario: Only valid if price decisively breaks above 4,265 with volume confirmation.
👉 Strategy: Avoid FOMO at resistance. Focus on price reaction at support or clear, confirmed breakouts.
Trading Plan
BUY GOLD: 4,169 – 4,067
Stop Loss: 4,159
Take Profit: 100 – 300 – 500 pips
SELL GOLD: 4,263 – 4,265
Stop Loss: 4,275
Take Profit: 100 – 300 – 500 pips
