How will gold prices fluctuate after the GDP report?

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1️⃣ Trendline

The short–to–medium term ascending channel remains intact; price is moving within the channel → the primary trend is bullish.

Upper trendline (dynamic resistance): price is approaching this area → high probability of consolidation / profit-taking.

Lower trendline (dynamic support): acts as the main demand zone for pullbacks.

2️⃣ Support

4,470 – 4,468: Near-term support, overlapping with the consolidation zone & short-term MA.

4,447 – 4,445: Stronger support, structural low within the ascending channel.

4,360: Deep support; a break below this level would signal risk of channel breakdown.

3️⃣ Resistance

4,500: Psychological resistance & short-term high.

4,548 – 4,550: Major resistance, confluence of upper trendline + supply zone → primary profit-taking target.

4️⃣ Scenarios

Holding above 4,470 → favor buy-on-dips following the trend, targets 4,500 → 4,550.

Rejection at 4,500–4,550 → potential pullback toward 4,450 before the next directional decision.

Clear break and hold above 4,560 → bullish continuation / trend expansion.

📈 Trade Setup

BUY GOLD: 4,447 – 4,445
Stop Loss: 4,437
Take Profit: 100 – 300 – 500 pips

SELL GOLD: 4,548 – 4,550
Stop Loss: 4,560
Take Profit: 100 – 300 – 500 pips
บันทึก
The price movement is perfectly aligned with my analysis, consistently failing to break through the 4500 level. The price continues to reflect this trend, and the next target will be within the trend zone I've established. Let's wait and see.

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