#Gold Is Defending a Big Zone Bulls Need This ‼️‼️
$XAU got rejected from the $4,700 local top, but now price is sitting around a key $4,240–$4,270 support area.
This zone has already attracted buyers before, and price is trying to rebound again. As long as bulls keep defending it, I’m watching $4,350 first, followed by the $4,450–$4,500 area if momentum returns.
Lose this support cleanly, though, and the structure changes.
For now, $4,250 is the area I’m watching closely defend it and gold could get interesting again.
$XAU got rejected from the $4,700 local top, but now price is sitting around a key $4,240–$4,270 support area.
This zone has already attracted buyers before, and price is trying to rebound again. As long as bulls keep defending it, I’m watching $4,350 first, followed by the $4,450–$4,500 area if momentum returns.
Lose this support cleanly, though, and the structure changes.
For now, $4,250 is the area I’m watching closely defend it and gold could get interesting again.
