Gold Trend at the End of the WeekGoldOANDA:XAUUSDAstronautPioneerMarket Outlook πΉ Trend: Price remains in an overall bearish trend but is currently experiencing a short-term recovery while trading above an ascending trendline. The current momentum suggests a consolidation phase before the next significant breakout. πΉ Key Resistance Levels: * 4,054 β 4,056: Near-term resistance. If price breaks above this zone and closes with confirmation, it could extend the rally toward 4,095. * 4,145: The next major resistance level, which will be crucial in determining a medium-term bullish reversal. πΉ Key Support Levels: * 3,975 β 3,977: Immediate support, aligned with the ascending trendline. Holding above this zone would keep the current recovery intact. * 3,910: The final major support, coinciding with a key Fibonacci level. A break below this area would confirm and accelerate the broader bearish trend. πΉ Scenarios: * Bullish: A breakout above 4,056 could drive price toward 4,095 and 4,145. * Bearish: A break below the ascending trendline and the 3,955 support level could send price lower toward 3,910. βΈ» Trading Plan π΄ SELL GOLD * Entry: 4,094 β 4,096 * Stop Loss: 4,106 * Take Profit: 200 / 500 / 1000 pips π’ BUY GOLD * Entry: 3,912 β 3,910 * Stop Loss: 3,900 * Take Profit: 200 / 500 / 1000 pips Risk Management * Risk no more than 1β2% of your account equity per trade. * Wait for confirmation signals before entering a position. * Consider moving your stop loss to breakeven once the trade reaches a reasonable profit level to protect your capital.