Short
OIL RISES OVER $110 THEN FALLS – WHAT ABOUT GOLD?Market Context
After the sharp drop earlier this week, gold is now consolidating in a sideways range around 5150 – 5160, with buying interest appearing again near 5060. The short-term trend remains unclear, so the main strategy for now is range trading while observing price reactions at key levels.
During consolidation phases, the market often produces liquidity sweeps with long wicks, so it’s important to avoid chasing price and manage risk carefully.
In addition, this week’s CPI data could trigger strong volatility and help the market determine its next directional move.
Trading Plan
Resistance
5185 – 5195 – 5200 – 5210 – 5260 – 5280
→ Look for SELL opportunities if price retraces into resistance and shows signs of weakness.
Support
5120 – 5092 – 5080 – 5060 – 5020 – 5000 – 4960 – 4930
→ Short-term BUY scalps (5–7 points) can be considered if price reacts positively at nearby support zones.
Key Trading Ideas
The market is currently consolidating in a sideways range, so the focus is on trading the range boundaries.
The 5120 – 5092 area may offer quick BUY scalp opportunities.
Trade the breakout direction:
• Break above 5210 → potential upside expansion toward 5260 – 5280
• Break below 5020 – 5000 → potential downside continuation toward 4960 – 4930
⚠️ Be cautious of liquidity sweeps ahead of the CPI release.
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Gold waits for breakout.Negotiation succeeds → Gold breaks down.
Negotiation fails → Gold breaks above 5205.
Gold retested the 5200 area overnight and pulled back, but it is still holding at elevated levels → the uptrend is not broken. Price is consolidating within the H1 range of 5205–5145. Repeated upper and lower wicks signal strong tug-of-war between buyers and sellers as the market awaits the outcome of the U.S.–Iran negotiations.
The key variable is the negotiation result: positive progress may trigger a short-term pullback, while failure could spark a breakout. The U.S. economic message prioritizing domestic growth suggests a potentially stronger USD → creating short-term downside pressure on gold, but not yet reversing the broader trend.
Support levels: 5172, 5150, 5120, 5100, 5090, deeper at 5050–5000.
Resistance levels: 5205, 5225, 5235, 5245, 5255.
Current strategy: trade the H1 range boundaries, scalp around 5172 within the range; follow whichever side breaks. Keep tight stop losses, avoid anticipation trades, and prioritize reaction to news and price structure. Long 
