Spot Gold ($XAU ) is locked in a pivotal structural test as it approaches the critical $4,000โ$4,100 support zone, marking a severe 26% multi-month retracement from its late-August record high near $4,700. $XAUT $PAXG
If buyers absorb the selling pressure here, a range-bound consolidation phase could form.
๐ If buyers step in, we could see a recovery toward $4,200โ$4,270.
๐ But if $4,000 breaks, another leg down is possible.
โ๏ธ Is gold about to break out? Hereโs what bulls are watching.
If buyers absorb the selling pressure here, a range-bound consolidation phase could form.
๐ If buyers step in, we could see a recovery toward $4,200โ$4,270.
๐ But if $4,000 breaks, another leg down is possible.
โ๏ธ Is gold about to break out? Hereโs what bulls are watching.