#Gold defends a very important zone, and buyers need to protect it ‼️‼️
$XAU was rejected from the local top at $4,700, but the price is now moving near an important support area between $4,240 – $4,270.
This zone attracted buyers before, and the price is trying to bounce back from it again. As long as buyers keep defending it, I’m watching $4,350 first, then the $4,450 – $4,500 area if momentum returns.
But if price loses this support clearly, the movement structure may change.
Currently, the $4,250 level is the area I’m closely watching. If it’s defended, gold’s movement could become interesting again. 👀📈
$XAU was rejected from the local top at $4,700, but the price is now moving near an important support area between $4,240 – $4,270.
This zone attracted buyers before, and the price is trying to bounce back from it again. As long as buyers keep defending it, I’m watching $4,350 first, then the $4,450 – $4,500 area if momentum returns.
But if price loses this support clearly, the movement structure may change.
Currently, the $4,250 level is the area I’m closely watching. If it’s defended, gold’s movement could become interesting again. 👀📈
