cryptoandmacro

​Currently, #GOLD prices (XAU/USD) are trading in a critical technical range amid persistent selling pressure driven by firm bond yields and range-bound, downward-slanted price action.
​Key Technical Support and Resistance Levels
​Support Levels
​First Support (Immediate): $4,230 – $4,235
Represents the immediate local trough and the 61.8% Fibonacci retracement level. Holding above this level prevents a deeper sell-off in the very short term.
​Second Support (Pivot): $4,150 – $4,157
A key technical barrier within the daily trading range. A breakdown below this area could quickly open the door to testing lower support zones.
​Major Support (Medium-Term): $4,050 – $4,100
The most critical structural zone, serving as the base from which gold launched its previous bullish legs. Preserving this level keeps the long-term bullish outlook intact.
NOT FINANCIAL ADVICE DYOR.
#XAUUSD #MarketUpdate #CryptoAndMacro

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