#GOLD IS TRYING TO MAKE A COMEBACK
Gold $XAUT took a sharp hit after facing rejection near $4,700, but buyers are starting to show interest again around the $4,100 zone.
Price is currently hovering near $4,187, and I'm watching the $4,270–$4,300 resistance area closely.
If buyers manage to break above this zone with strong momentum, $4,400 could be the next level to watch.
However, if gold loses support at $4,100, we could see another move toward $4,000.
For now, I'm watching how price reacts at these key levels before expecting the next major move.
Do you think gold is preparing for another rally, or is more downside ahead?
Gold $XAUT took a sharp hit after facing rejection near $4,700, but buyers are starting to show interest again around the $4,100 zone.
Price is currently hovering near $4,187, and I'm watching the $4,270–$4,300 resistance area closely.
If buyers manage to break above this zone with strong momentum, $4,400 could be the next level to watch.
However, if gold loses support at $4,100, we could see another move toward $4,000.
For now, I'm watching how price reacts at these key levels before expecting the next major move.
Do you think gold is preparing for another rally, or is more downside ahead?