#Gold is approaching a key liquidity zone between $4,000 and $4,020, where a potential rebound could occur.
If buyers defend the $4,000–$4,020 range and reclaim the $4,219 level, the price could begin to rally, targeting $4,257 and $4,315. A strong rebound is likely only if the price breaks above $4,315.
If gold fails to hold this zone of demand and drops below $3,950, the market could enter a deeper decline.
Will gold manage to hold this demand zone and launch a stronger rebound? Or will sellers break through the lows and trigger the next leg down?
If buyers defend the $4,000–$4,020 range and reclaim the $4,219 level, the price could begin to rally, targeting $4,257 and $4,315. A strong rebound is likely only if the price breaks above $4,315.
If gold fails to hold this zone of demand and drops below $3,950, the market could enter a deeper decline.
Will gold manage to hold this demand zone and launch a stronger rebound? Or will sellers break through the lows and trigger the next leg down?
