$XAU — IS GOLD PREPARING FOR A BOUNCE?
Gold faced strong rejection near $4,700 and pulled back toward the $4,100 support zone. I'm watching this area closely to see whether buyers step in and trigger a recovery.
KEY LEVELS I'M WATCHING
Support: $4,100
TP1: $4,270
TP2: $4,415
If support holds and bullish momentum returns, gold could make another attempt toward the upside targets.
However, a clean breakdown below $4,100 could expose the $4,000 level before any meaningful recovery.
For now, my bias remains cautiously bullish above support, but confirmation is essential before expecting a strong rebound.
Will gold bounce from here, or are sellers preparing another leg down?
$XAU
Gold faced strong rejection near $4,700 and pulled back toward the $4,100 support zone. I'm watching this area closely to see whether buyers step in and trigger a recovery.
KEY LEVELS I'M WATCHING
Support: $4,100
TP1: $4,270
TP2: $4,415
If support holds and bullish momentum returns, gold could make another attempt toward the upside targets.
However, a clean breakdown below $4,100 could expose the $4,000 level before any meaningful recovery.
For now, my bias remains cautiously bullish above support, but confirmation is essential before expecting a strong rebound.
Will gold bounce from here, or are sellers preparing another leg down?
$XAU