GOLD IS APPROACHING A KEY DECISION ZONE
$XAU has shown strong upside momentum, rallying from the $4,120–$4,260 demand area and pushing toward the $4,650 region before facing rejection.
Key Support: $4,380–$4,440
Major Support: $4,120–$4,260
Resistance: $4,650
As long as the $4,380–$4,440 zone continues to hold, buyers still have room to regain momentum and challenge the $4,650 resistance. However, a clear breakdown below this support could open the door to a deeper correction toward the major demand zone.
Watch the reaction around these levels closely and manage risk accordingly.
DYOR (Do Your Own Research).
$XAU has shown strong upside momentum, rallying from the $4,120–$4,260 demand area and pushing toward the $4,650 region before facing rejection.
Key Support: $4,380–$4,440
Major Support: $4,120–$4,260
Resistance: $4,650
As long as the $4,380–$4,440 zone continues to hold, buyers still have room to regain momentum and challenge the $4,650 resistance. However, a clear breakdown below this support could open the door to a deeper correction toward the major demand zone.
Watch the reaction around these levels closely and manage risk accordingly.
DYOR (Do Your Own Research).
