XAU/USD began to rebound after touching 4103; where is the target for this rebound?
The key zone to watch above is 4170–4210; this is the area where gold will seek direction.
Sellers are likely to re-enter the market only if the price faces rejection near 4200.
The current rebound is driven by the forced closing of large-scale buy positions, rather than a trend reversal.
The key zone to watch above is 4170–4210; this is the area where gold will seek direction.
Sellers are likely to re-enter the market only if the price faces rejection near 4200.
The current rebound is driven by the forced closing of large-scale buy positions, rather than a trend reversal.
