Gold is still moving sideways and waiting for a breakout

1. Trendline Structure

Ascending Channel (red)

Upper trendline: price has been repeatedly rejected at the upper boundary → strong dynamic resistance.

Lower trendline: recently pierced slightly → indicates weakening buying pressure and increased correction risk.

2. Key Resistance

4,186 – 4,210: Strong supply zone + confluence with the upper trendline.
This is a zone that price will struggle to break without strong volume.

→ If price breaks above and successfully retests → the next target is the 4,210 area.

3. Key Support

4,105 – 4,110: Major support zone, confluence with EMA & the 0.5 Fibonacci level.
→ High probability that buyers will step in around this area.

4. Overview

Major Resistance: 4,186 – 4,210

Major Support: 4,105 – 4,110

Short-term Trend: weakening, leaning toward a corrective move.

Key Signal: a break below 4,140 → confirms a drop toward the support zone.

Bullish Scenario: only activated if the price reclaims 4,186.

BUY GOLD : 4107 - 4109

Stoploss : 4097
Take Profit : 100-300-500pips

SELL GOLD : 4209 - 4211

Stoploss : 4221
Take Profit : 100-300-500pips