1. Trend & Structure
Price is in a short-term bullish trend after breaking out of a consolidation structure.
Currently, it is entering a pullback/retest phase after hitting a strong resistance zone.
The ascending trendline is still intact → priority is to BUY with the trend.
2. Resistance Zones
4,851 – 4,853 → Near resistance + rejection zone → potential for short-term SELL reaction
4,940 → Strong resistance (Fibonacci extension 2.618) → main take-profit zone if breakout + potential mid-term SELL setup
3. Support Zones
4,798 – 4,796 → Intermediate support → key retest zone to continue the uptrend
4,739 – 4,737 → Strong support (demand zone) + previous GAP → ideal BUY zone if price pulls back deeper
4. Trendline
The ascending trendline continues to support the price.
The previous descending trendline has been broken → confirms a shift to a bullish bias.
5. Main Scenarios
👉 BUY priority: when price pulls back to 4,798 or deeper to 4,739
👉 SELL (short-term only): when price reacts at 4,851, with backup zone at 4,940
👉 If price breaks strongly above 4,851 → target 4,940
TRADING PLAN:
BUY GOLD: 4739 – 4737
Stop Loss: 4727
Take Profit: 200 – 400 – 700 pips
SELL GOLD: 4851 – 4853
Stop Loss: 4863
Take Profit: 200 – 400 – 700 pips
SELL GOLD: 4940 – 4942
Stop Loss: 4952
Take Profit: 200 – 300 – 1000 pips