Probable Scenarios for Next Week

Chart Structure (15m)

Trendlines:

Price is moving within an upward-sloping channel (yellow lines).

Lower support trendline is intact → showing higher lows.

Upper resistance trendline is being tested but not yet broken.

Key Levels (Blue Lines):

Support: $3,871, $3,851, $3,820

Resistance: $3,895 (immediate), $3,910 (next psychological level)

RSI (9):

Currently ~59 (neutral-bullish bias).

No extreme overbought/oversold → still room to move up.

Last bounce came from RSI near oversold (~25 zone), giving strength to buyers.

Market Sentiment

Buyers defended $3,850 - $3,860 zone strongly (big rejection wick).

Momentum is building upward, but sellers are active near $3,895 - $3,900.

RSI shows consolidation, suggesting a possible breakout move ahead.

Probable Scenarios for Next Week

Bullish Case (Most Probable)

If gold holds above $3,871, buyers likely push towards $3,895 → $3,910.

Breaking above $3,910 with strong volume could open the way to $3,940 - $3,950.

RSI has room to run before overbought.

Bearish Case (Alternative)

A rejection at $3,895 - $3,910 could send price back to $3,871 → $3,851.

Breaking $3,851 would expose $3,820 (major support zone).

Most Probable Move

Gold is more likely to continue its upward bias next week:

Expect choppy consolidation early in the week (between $3,871 - $3,895).

If bulls stay in control, the break above $3,895 → $3,910 is the path of least resistance.

Watch $3,851 as the line in the sand for bulls. If it breaks, expect deeper correction.

✅ Summary:
Next week, gold most likely attempts $3,895 - $3,910 breakout, targeting $3,940+, unless price slips below $3,851 support which would shift momentum bearish.