Gold is still moving sideways and waiting for the NFP news

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Gold is still moving sideways and waiting for the NFP news GoldOANDA:XAUUSDAstronautPioneer1. Trendline The short-term trend is still under bearish pressure from the descending trendline connecting the most recent highs. Price is currently approaching this trendline resistance, so a selling reaction may appear in this area. 2. Resistance 5,205 – 5,207 – Nearest resistance zone, where price is currently retesting. 5,288 – Strong resistance above. This level aligns with a previous breakout area, the descending trendline, and a supply zone. → If price breaks decisively above 5,205, it could continue pulling back toward 5,288. 3. Support 5,110 – Current key support and an important demand zone. → If 5,110 is broken, the short-term recovery structure would be invalidated and price could return to the bearish trend. 4. Main Scenarios Bullish scenario: Break above 5,205 → retest → continuation toward 5,288. Bearish scenario: Rejection at 5,205 / trendline → decline toward 5,110 to grab liquidity before deciding the next direction. Trading Plan BUY GOLD: 5110 – 5112 Stop Loss: 5100 Take Profit: 100 – 300 – 700 pips SELL GOLD: 5288 – 5290 Stop Loss: 5300 Take Profit: 100 – 300 – 700 pips