Gold is trending sideways ahead of major news.

137
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
הערה
Price is still moving sideways and has not broken the trends, important support and resistance levels have not been broken on the first day of the week.

תמונת-בזק

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.