Timeframe: Daily (D1)
Current Price: Around 4061
Gold remains in a recovery phase after defending the 3960–3980 demand zone, where buyers stepped in aggressively. Price has formed a series of higher lows, suggesting bullish momentum is gradually building, but it is still trading below a descending trendline that continues to cap upside movement.
Technical Outlook
Immediate Resistance: 4110–4165
Major Supply Zone: 4200–4215
Key Support: 3960–3980
Critical Breakdown Level: 3950
A daily close above 4110 would confirm a breakout from the descending trendline and increase the probability of a move towards 4165, followed by 4200–4215. However, failure to break resistance could trigger another pullback to retest the 3960–3980 support zone.
Current Price: Around 4061
Gold remains in a recovery phase after defending the 3960–3980 demand zone, where buyers stepped in aggressively. Price has formed a series of higher lows, suggesting bullish momentum is gradually building, but it is still trading below a descending trendline that continues to cap upside movement.
Technical Outlook
Immediate Resistance: 4110–4165
Major Supply Zone: 4200–4215
Key Support: 3960–3980
Critical Breakdown Level: 3950
A daily close above 4110 would confirm a breakout from the descending trendline and increase the probability of a move towards 4165, followed by 4200–4215. However, failure to break resistance could trigger another pullback to retest the 3960–3980 support zone.
