10.08 Gold Midday Analysis
Spot gold staged a slight rebound around midday and is currently quoted near 4118. On the 1-hour chart, price is rebounding from a low to recover, but faces clear resistance above. On the 30-minute chart, upward momentum has slowed after a rebound. The broader trend remains weak and range-bound following the decline.
Key Levels
Resistance: 4135‑4145
Support: 4105‑4090
Trading Strategy
Follow the trend and look for short positions. Wait for a rebound into the 4135‑4145 resistance zone before entering, with a target of 4105‑4090.
Note: This analysis is for reference only. Market conditions can change at any time, so manage risk carefully. $XAU
Spot gold staged a slight rebound around midday and is currently quoted near 4118. On the 1-hour chart, price is rebounding from a low to recover, but faces clear resistance above. On the 30-minute chart, upward momentum has slowed after a rebound. The broader trend remains weak and range-bound following the decline.
Key Levels
Resistance: 4135‑4145
Support: 4105‑4090
Trading Strategy
Follow the trend and look for short positions. Wait for a rebound into the 4135‑4145 resistance zone before entering, with a target of 4105‑4090.
Note: This analysis is for reference only. Market conditions can change at any time, so manage risk carefully. $XAU