Gold is currently hovering around 4150. We continue to monitor the support level at 4140; a break below this level would open up further downside potential.
The next support zone lies between 4110 and 4120, which serves as an ideal range for entering long positions.
If gold holds above the 4140 support level, we can look to go long in the 4140–4150 area.
The target range is 4180–4200.
For now, we should wait for gold to test the support level before entering any positions.
The next support zone lies between 4110 and 4120, which serves as an ideal range for entering long positions.
If gold holds above the 4140 support level, we can look to go long in the 4140–4150 area.
The target range is 4180–4200.
For now, we should wait for gold to test the support level before entering any positions.