Gold Update #GOLD_UPDATE
#GOLD has bounced modestly after hitting the $4,400 target, showing signs of a short-term recovery.
However, the broader intraday picture remains cautious:
$4,400 — Key support to watch $4,501 — Immediate resistance $4,601 — Major resistance Price remains below the 50-EMA The previous short-term bullish trendline has been broken Momentum indicators are recovering from oversold territory
Key takeaway: Gold may continue its corrective rebound, but a sustained move above $4,501 is needed to strengthen the bullish case. A break below $4,400 could reopen downside pressure.
#Gold #XAUUS #GoldTrading
$NVDA.US
#GOLD has bounced modestly after hitting the $4,400 target, showing signs of a short-term recovery.
However, the broader intraday picture remains cautious:
$4,400 — Key support to watch $4,501 — Immediate resistance $4,601 — Major resistance Price remains below the 50-EMA The previous short-term bullish trendline has been broken Momentum indicators are recovering from oversold territory
Key takeaway: Gold may continue its corrective rebound, but a sustained move above $4,501 is needed to strengthen the bullish case. A break below $4,400 could reopen downside pressure.
#Gold #XAUUS #GoldTrading
$NVDA.US
