The gold price is currently trading below the critical level of 4315.
As long as price continues to stay below 4315, the overall bias remains bearish, with the first target at the 4275 support.
If the 1-hour candlestick effectively breaks below 4275 and closes below it, the downside momentum will be further amplified, and the market will look toward 4250, then 4235.
On the other hand, if price breaks upward through 4315 and the 1-hour candlestick closes above this level, the outlook turns bullish, with the first target at the 4350 resistance.
For the bulls to gain further strength and push toward 4375 and 4403, they must genuinely break through 4350 first.
Key levels summary
Resistance: 4350, 4375, 4403
Support: 4275, 4250, 4235
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As long as price continues to stay below 4315, the overall bias remains bearish, with the first target at the 4275 support.
If the 1-hour candlestick effectively breaks below 4275 and closes below it, the downside momentum will be further amplified, and the market will look toward 4250, then 4235.
On the other hand, if price breaks upward through 4315 and the 1-hour candlestick closes above this level, the outlook turns bullish, with the first target at the 4350 resistance.
For the bulls to gain further strength and push toward 4375 and 4403, they must genuinely break through 4350 first.
Key levels summary
Resistance: 4350, 4375, 4403
Support: 4275, 4250, 4235
$LSK $FIL $龙虾 #AnthropicCEO呼吁放缓AI发展 #比特币四周内第三次单块重组 #以太坊跌破2500美元
