Gold traded in a range overall during the day yesterday, fluctuating around 4140–4100. It has now found support and rebounded. First, watch the 4215–4220 area above, where short positions can be considered. Wait for a pullback and adjustment in the gold price. Carefully manage your entry timing and direction to capture the profits you’re targeting!
On the 4-hour chart, we’re watching resistance around 4215–4220 and short-term support around 4100–4110. Gold remains in a consolidating phase. Although the technical picture shows a short-term rebound, be sure not to chase prices higher. We’ll look for an opportunity to enter if the rebound meets resistance. Be patient and wait—there’s no need to rush into a trade.
On the 4-hour chart, we’re watching resistance around 4215–4220 and short-term support around 4100–4110. Gold remains in a consolidating phase. Although the technical picture shows a short-term rebound, be sure not to chase prices higher. We’ll look for an opportunity to enter if the rebound meets resistance. Be patient and wait—there’s no need to rush into a trade.