$GOLD Update 👀
Gold remains in a bearish structure after the sharp breakdown below the $4,235–$4,255 support zone.
Following Friday’s NFP move, price is now forming a short-term counter-trend correction, currently around $4,150. The key question is whether this bounce can reclaim the resistance levels or if sellers step in again.
The Fibonacci retracement on the chart gives us some important levels:
0.5 Fib: ~$4,175
0.618 Fib: ~$4,186
This makes the $4,180–$4,200 area particularly important, as it also lines up with the main resistance zone.
If Gold gets rejected around $4,180–$4,200, I would watch for another move toward $4,140 → $4,110 → $4,100.
A stronger recovery above $4,200–$4,225 would weaken the immediate bearish setup and could lead to a retest of the descending trendline.
For now, Gold could continue ranging between roughly $4,110 and $4,220 while the market decides the next direction.The trend is still bearish. I’m watching the $4,180–$4,200 zone closely for the next reaction.
#GOLD #Altcoin Season# #BTC Price Analysis# $USDT $ETH $BTC
Gold remains in a bearish structure after the sharp breakdown below the $4,235–$4,255 support zone.
Following Friday’s NFP move, price is now forming a short-term counter-trend correction, currently around $4,150. The key question is whether this bounce can reclaim the resistance levels or if sellers step in again.
The Fibonacci retracement on the chart gives us some important levels:
0.5 Fib: ~$4,175
0.618 Fib: ~$4,186
This makes the $4,180–$4,200 area particularly important, as it also lines up with the main resistance zone.
If Gold gets rejected around $4,180–$4,200, I would watch for another move toward $4,140 → $4,110 → $4,100.
A stronger recovery above $4,200–$4,225 would weaken the immediate bearish setup and could lead to a retest of the descending trendline.
For now, Gold could continue ranging between roughly $4,110 and $4,220 while the market decides the next direction.The trend is still bearish. I’m watching the $4,180–$4,200 zone closely for the next reaction.
#GOLD #Altcoin Season# #BTC Price Analysis# $USDT $ETH $BTC
