Currently, gold has broken above the 4000 level, driven by factors including the U.S. midterm elections, remarks from Trump, and the situation between Iran and the U.S.
#GOLD
The market is currently hovering just below the 4010–4020 resistance zone.
If gold breaks through 4020 and stabilizes above it, a market reversal will have occurred, potentially leading to a test of the 4080 high.
Conversely, if the resistance holds and repeated attempts to break through fail, we can look for opportunities to go short in this area.
#GOLD
The market is currently hovering just below the 4010–4020 resistance zone.
If gold breaks through 4020 and stabilizes above it, a market reversal will have occurred, potentially leading to a test of the 4080 high.
Conversely, if the resistance holds and repeated attempts to break through fail, we can look for opportunities to go short in this area.
