Gold stages a sharp rebound, returning to the consolidation range! If it can’t break through 4220–4200, it may continue to adjust downward. Bulls and bears face a key turning point!
$XAU Gold
On the shorter time frame, the price fell to around 3860 before rebounding strongly and moving straight back into the previous consolidation range. Next, watch to see whether it can break out of that range. If it can’t, the price may continue to consolidate and move lower.
Watch the resistance zone between 4220 and 4200. A breakout above this zone could lead to a rebound!
$XAU Gold
On the shorter time frame, the price fell to around 3860 before rebounding strongly and moving straight back into the previous consolidation range. Next, watch to see whether it can break out of that range. If it can’t, the price may continue to consolidate and move lower.
Watch the resistance zone between 4220 and 4200. A breakout above this zone could lead to a rebound!
