#Gold is currently trading around 4,167, after bouncing from the lower area near 4,135â4,145. This zone is important because it may act as the base for the next bullish wave.
đšThe short-term structure is improving, but price is still trading under the descending trendline. This means the bullish setup needs confirmation above the nearby resistance levels.
đšThe first resistance to watch is around 4,220, followed by the stronger area near 4,243. If gold breaks above these levels, the next bullish path may open toward the 4,270â4,285 Sell zone wave 4, and later the upper target near 4,370â4,380.
đšThe short-term structure is improving, but price is still trading under the descending trendline. This means the bullish setup needs confirmation above the nearby resistance levels.
đšThe first resistance to watch is around 4,220, followed by the stronger area near 4,243. If gold breaks above these levels, the next bullish path may open toward the 4,270â4,285 Sell zone wave 4, and later the upper target near 4,370â4,380.
