GOLD FALLS TO $4,144 — THIS ZONE COULD DECIDE THE NEXT MOVE
$XAU has dropped sharply to around $4,144 and is now testing the 1D strong demand zone around $4,000–$4,080.
This is the area I’m watching closely because buyers previously reacted strongly from here. If the zone holds and price gives a confirmed reversal, the next levels on my chart are around $4,400 and $4,681.
But I’m not assuming a bounce just because price reached demand. A clean daily close below the zone would change the structure. For now, the reaction from this demand zone is the key.
#GoldFallsTo$4144 #GOLD_UPDATE
$XAU has dropped sharply to around $4,144 and is now testing the 1D strong demand zone around $4,000–$4,080.
This is the area I’m watching closely because buyers previously reacted strongly from here. If the zone holds and price gives a confirmed reversal, the next levels on my chart are around $4,400 and $4,681.
But I’m not assuming a bounce just because price reached demand. A clean daily close below the zone would change the structure. For now, the reaction from this demand zone is the key.
#GoldFallsTo$4144 #GOLD_UPDATE